In 2012, business leaders warned against the looming debt disaster. Now, with corporate tax cuts on the table, those concerns have been put aside.
The only way to stop overspending and then fighting over raising the debt ceiling is to reform entitlements, says the anti-debt crusader.
The national debt would surge under a Donald Trump presidency, though not as much as originally thought, according to a new analysis.
Republican former Sen. Alan Simpson rejects criticism that the 2010 Simpson-Bowles debt reduction plan would have boosted taxes by $5 trillion.
The economic plan of GOP presidential front-runner Donald Trump won't work, anti-debt crusaders Erskine Bowles and Alan Simpson tell CNBC.
Erskine Bowles, deficit commission co-chairman, praised a tax-reform plan that would start over with a "blank slate."
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.