Business

Obama selects heads of his deficit panel

President Obama is going to name Alan K. Simpson, a former Republican senator from Wyoming, and Erskine Bowles, former chief of staff in the Clinton White House, as the co-chairmen of a bipartisan commission to recommend how to reduce high deficits that are building the national debt to perilous levels, according to a senior administration official.

Mr. Obama is expected to announce his choices on Thursday, these people say. In an interview earlier on Tuesday, Mr. Simpson declined to address whether he had been approached about the job, but his frustration with the partisan impasse over fiscal policies was plain.

Full story: Obama Selects Heads of His Deficit Panel – NYTimes.com