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.