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Kent Conrad: Time for White House Deficit 'Summit'

Photo Courtesy - ABC News(WASHINGTON) -- While President Obama's deficit commission didn't gather enough votes to coalesce behind an "official" proposal that would move on to a vote in Congress, members of the commission are declaring the exercise successful -- and calling on the president himself to take ownership of the issues being raised.

Sen. Kent Conrad, D-N.D., a member of the commission who voted to endorse the recommendations, called it a "measured success," with 11 of the 18 members of the commission voting "yes." The next steps, he told ABC News, will depend in large part on the president.

"I think really that's where it needs to go next. We need to have a summit that involves the White House, the leadership of the House and the Senate, Democrats and Republicans," said Conrad, the chairman of the Senate Budget Committee.

"I expect their participation," he added. "That's what needs to happen next. I don’t think there's any member of this commission that didn't realize at the end of the process that something significant has to be done. We are on an utterly unsustainable course."

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