Statement by the Deputy Press Secretary on the Initial Bowles-Simpson Bipartisan Fiscal Commission Proposal

"The President will wait until the bipartisan fiscal commission finishes its work before commenting. He respects the challenging task that the Co-Chairs and the Commissioners are undertaking and wants to give them space to work on it. These ideas, however, are only a step in the process towards coming up with a set of recommendations and the President looks forward to reviewing their final product early next month," said White House spokesperson, Bill Burton.