Ex-Gang of Six members to unveil debt plan to other senators Tuesday
Members of a bipartisan group of senators who worked for months to forge an agreement to make deep reductions in the federal debt will unveil a plan to slash trillions of dollars off that debt over the next 10 years.
The former Gang of Six members will reveal their plan privately Tuesday to a group of 40 to 50 senators.
“We’re presenting the progress we’ve made,” said Sen. Kent Conrad, D-North Dakota, the Budget Committee chairman. “It’s a comprehensive approach that reforms entitlements, reforms the revenue code, cuts spending, is balanced and is in the range of $3.6 (trillion) to $3.7 trillion.”