Republican former Sen. Alan Simpson rejects criticism that the 2010 Simpson-Bowles debt reduction plan would have boosted taxes by $5 trillion. » Read More
The economic plan of GOP presidential front-runner Donald Trump won't work, anti-debt crusaders Erskine Bowles and Alan Simpson tell CNBC. » Read More
Erskine Bowles, former co-chair of the president's debt commission, told CNBC that a "Grand Bargain" on deficit reduction is "on life-support," with the chances reaching it "north of zero" percent.