Feb 26 2010
President Obama Names Members of Bipartisan National Commission on Fiscal Responsibility and Reform
WASHINGTON – Today, President Barack Obama named the following individuals to serve on the bipartisan National Commission on Fiscal Responsibility and Reform being co-chaired by former White House Chief of Staff Erskine Bowles and former Republican Senate Whip Alan Simpson: David Cote, Member, National Commission on Fiscal Responsibility and Reform Ann Fudge, Member, National Commission on Fiscal Responsibility and Reform Alice Rivlin, Member, National Commission on Fiscal Responsibility and Reform Andy Stern, Member, National Commission on Fiscal Responsibility and Reform President Obama said, “For far too long, Washington has avoided the tough choices necessary to solve our fiscal problems. I am proud that these distinguished individuals have agreed to work to build a bipartisan consensus to put America on the path toward fiscal reform and responsibility. I know they’ll take up their work with the sense of integrity and strength of commitment that the American people deserve and America’s future demands.” The bipartisan National Commission on Fiscal Responsibility and Reform will make recommendations to Congress by December 1, 2010 to put the budget in primary balance so that all operations and programs for the federal government are paid for (achieving deficits of about 3 percent of GDP) by 2015 and to meaningfully improve the long-term fiscal outlook. With today’s appointments the President has named 6 bipartisan appointees to the commission. The remaining 12 members of the commission will be appointed by Senate and House leaders (3 each by the Republican and Democratic leaders of both chambers). President Obama named the following individuals as members of the National Commission on Fiscal Responsibility and Reform: Dave Cote has served since 2002 as chairman, chief executive officer, and president of Honeywell, a diversified technology and manufacturing leader. Under Cote’s leadership, Honeywell has delivered strong performance in sales, earnings per share, segment profit, and cash flow. He has served on the U.S.-India CEO Forum since 2005 and was named co-chair by President Obama in 2009. Previously, he was chairman, chief executive officer, and president of TRW. He joined TRW from General Electric, where he served 25 years in various manufacturing, finance, and management positions. He received the Corporate Social Responsibility Award from the Foreign Policy Association in 2007. He is a graduate of the University of New Hampshire.
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President Obama Names Members of Bipartisan National Commission on Fiscal Responsibility and Reform