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Search Tags: Alan Simpson
President Obama's deficit reduction plan speech on Wednesday did not address how these cuts would affect federal pay and benefits, but one administration official told Federal News Radio that changes to federal retirement benefits were still possible.
Debt commission's plan fails to get majority approval. The White House and lawmakers say they will review the recommendations and figure out how to move many of them forward.
Politico reports on the various proposals coming from both sides of the aisles. None seem to stand out as favorable among lawmakers. The only thing Democrats and Republicans do agree on is that the budget decisions will be tough.