January 20, 2010 - 12:21pm ET
Earlier today, progressive leaders representing more than 50 organizations declared their opposition to the Conrad-Gregg debt commission proposal, which is expected to be introduced on the Senate floor soon as part of the bill to allow our federal government to meet its obligations by raising the debt ceiling.
The commission as originally envisioned -- with the power to prevent any amendments to its recommendations on the House and Senate floors -- is expected to be defeated by the full Senate. But the minority of pro-austerity, anti-Social Security/Medicare senators has threatened to force the entire US government into default if a compromise isn't reached that satisfies them.
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