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Simpson and Bowles Offer Deficit Fix (Again); Walter's SEC Agenda; Will Wall Street Ever Get More than a Symbolic Reprimand?

Wall Street Journal Fourth time's a charm? The paper reports "deficit hawks" Alan Simpson and Erskine Bowles plan to offer up a deficit fix to Washington sometime later today. According to the duo, this new plan "would reduce the federal budget deficit by $2.4 trillion over 10 years" primarily through reductions to Medicare and Medicaid, curbing or axing certain tax breaks, lowering caps on discretionary spending and adjusting how cost-of-living increases are calculated for Social Security…

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