Washington, D.C. – Senators Kent Conrad (D-ND) and Judd Gregg (R-NH) today commended the Bipartisan Policy Center (BPC) for the launch of its Debt Reduction Task Force, led by former Senator Pete Domenici (R-NM) and Dr. Alice Rivlin, former Director of the Office of Management and Budget and the Congressional Budget Office, and former Vice Chair of the Federal Reserve Board.
Senators Conrad and Gregg, Chairman and Ranking Member, respectively, of the Senate Budget Committee have been supportive of a bipartisan approach and introduced legislation in December to create a bipartisan task force to address the nation’s growing budget crisis. President Obama endorsed the bill on Saturday saying, “The only way to solve our long-term fiscal challenge is to solve it together — Democrats and Republicans.”
The Domenici-Rivlin Task Force – launched today – is composed of the nation’s leading budget experts, key stakeholders, and former elected officials. The Task Force will develop a comprehensive, bipartisan plan to stabilize the federal debt.
Chairman Conrad and Ranking Member Gregg released the following statements regarding the Domenici-Rivlin Task Force:
Senate Budget Committee Chairman Kent Conrad (D-ND):
“I commend the Bipartisan Policy Center for taking the initiative to launch its own debt reduction task force. My good friends and former colleagues, Senator Domenici, and former CBO and OMB Director Rivlin, are ideal selections to lead this bipartisan effort. They bring a tremendous amount of insight and knowledge to the table. And they have assembled an outstanding and diverse group of budget and policy experts to work on the panel.
“The burgeoning debt confronting us represents a daunting challenge. This is an all-hands-on-deck moment for our nation. The Bipartisan Policy Center’s Debt Reduction Task Force will play an important role in supplementing the work of the Bipartisan Fiscal Task Force I hope to create with Members of Congress and the Administration. I look forward to their bipartisan efforts in the months ahead.”
Senate Budget Committee Ranking Member Judd Gregg (R-NH):
“The American people clearly understand that unsustainable spending and rising federal debt is a very real threat that will burden our children and grandchildren for generations to come. Senator Pete Domenici and Dr. Alice Rivlin, both long term leaders on the issue of fiscal responsibility, have the opportunity to make a lasting contribution to reverse our fiscal course through their work leading the Bipartisan Policy Center’s Debt Reduction Task Force.”
For more information about the Domenici-Rivlin Task Force, please visit: www.bipartisanpolicy.org.
Eileen McMenamin, Vice President of Communications