Submitted by rthomas on Wed, 12/20/2017 - 10:51
Late in December 2009, the Senate increased the federal debt limit to a record $12.4 trillion – boosting chances for the establishment of a bipartisan commission to look for ways to force Congress to make painful spending cuts and tax increases. The Washington Post reports that even though such commissions have had a mixed record in the past, 35 senators from both parties support creating a commission to force a vote on budget cuts and tax hikes.