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"Wall Street Journal \n\nFourth time's a charm? The paper reports &amp;quot;deficit hawks&amp;quot; Alan Simpson and Erskine Bowles plan to offer up a deficit fix to Washington sometime later today. According to the duo, this new plan &amp;quot;would reduce the federal budget deficit by $2.4 trillion over 10 years&amp;quot; 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&amp;amp;#133;"^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.americanbanker.com/bankthink/simpson-and-bowles-offer-deficit-fix-again-walter-s-sec-agenda-1056859-1.html>