Kent Conrad: “We are hopeful that before this is over there will be 100 percent recovery.”

We also increase the payroll tax very modestly, from the current combined rate of 12.4 percent to 13.4 percent over 10 years.

Can I just respond quickly, Mr. Chairman, and say when Simpson-Bowles went down, a group of six of us in the Senate, three Democrats, three Republicans, were asked by leadership to see if we couldn't come up with a way forward to adopt the…

I am eager to hear from our panelists to get a better sense of all the options they considered and how they reached consensus on the final report.

Forty-six percent of the American people would have a hard time coming up with $400 for an emergency car repair.