America's "Number 1 domestic problem," the federal deficit, according to Sen. Judd Gregg, (R- N.H.), took center stage on Wednesday morning as President Obama's bipartisan deficit commission released its findings. Some members of the 18-member bipartisan deficit commission, appearing on CNBC Wednesday, weighed in with their thoughts.
The commission will vote on the proposal Friday, reflecting sharp divisions within the panel.
Plan Would Hurt Seniors: Rep. Schakowsky
Illinois Congresswoman Jan Schakowsky, a Democrat, who opposes the plan and will vote against it, believes that some of the plan's recommendations negatively impact seniors and others who are low-income.
“I feel very strongly that taking it out on the backs of the senior citizens, and Medicare and Social Security is not the way to go,” said Schakowsky.