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The former chairmen of President Barack Obama's deficit committee say they're deeply disappointed by the failure of a congressional supercommittee to come to an agreement over how to slash the federal deficit. Alan Simpson is a former U.S...

The U.S. Senate Budget Committee heard testimony Tuesday from the the co-chairs of the National Commission on Fiscal Responsibility and Reform.

Former U.S. Senator Al Simpson was pressed into service by President Obama along with 17 others to come up with a solution to cut the U.S. debt.