The Simpson-Bowles Commission

The Simpson-Bowles Commission was a panel formed in 2010 to address the U.S. fiscal crisis, focusing on reducing the national debt and ensuring long-term economic stability. It was co-chaired by former Clinton Chief of Staff Erskine Bowles and former Senator Alan Simpson. The commission analyzed federal spending, taxes, and entitlement programs, proposing a mix of spending cuts and revenue increases. Although its recommendations were not adopted by Congress, the report sparked ongoing debate about fiscal responsibility and the need for comprehensive budget reform to prevent future deficits.