A bipartisan group of senators that has been meeting on and off for months to hammer out a budget deficit reduction plan appears to have reunited and gained support on both sides of the aisle for a plan to reduce the budget deficit by $3.7 trillion over 10 years.
The group, known as the Gang of Six, presented its proposals, which include both spending cuts and some tax increases, to a larger group of senators on Tuesday morning and received words of encouragement from the White House. The group includes Sen. Dick Durbin, D-Ill., Kent Conrad, D-N.D., Mark Warner, D-Va., Saxby Chambliss, R-Ga., Mike Crapo, R-Idaho, and Tom Coburn, R-Okla., who had earlier left the group after they reached an impasse over tax increases. However, he was reportedly back with the group on Tuesday. Their plan attracted support from several leading Republicans, including Senators Kay Bailey Hutchison, R-Texas; Lamar Alexander, R-Tenn., and Mike Johanns, R-Neb.
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