Dec 3, 2010

Deficit commission fails to pass plan that included ending CPB funding

The White House's National Commission on Fiscal Responsibility and Reform fell short of the 14 members necessary to approve its plan for $4 trillion in cuts and tax increases over the next decade — which included killing off all funding for CPB. That means the plan will not move forward to the Senate for consideration. However, a majority of the panel, 11 members, did approve the proposal. President Barack Obama said the commission report "includes a number of specific proposals that I — along with my economic team — will study closely in the coming weeks as we develop our budget and our priorities for the coming year.”

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