Former White House Economists Say Deficit Is 'Severe Threat'

Ten former chairmen of the White House Council of Economic Advisers called on politicians to get to work soon on reducing the federal budget deficit, saying a plan crafted by fiscal commission appointed by President Barack Obama should be "the starting point" for addressing what they labeled a "severe threat" to the nation's economy.

The op-ed essay by six Republicans and four Democrats reflects a growing effort by former officials and others -- encouraged by the leaders of the fiscal commission, Erskine Bowles and Alan Simpson -- to pressure elected ... Continue reading this article by David Wessel in The Wall Street Journal.

Read the op-ed "Unsustainable Budget Threatens Nation"