Co-chair, U.S. National Commission on Fiscal Responsibility and Reform
Chief of Staff to President Bill Clinton (1996-98)
Brokered the last bipartisan budget agreement (1997)
In 2010 Erskine Bowles was appointed to co-chair the US National Commission on Fiscal Responsibility and Reform with Alan K. Simpson.
The Commission was created by President Barack Obama to identify “policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run.” It outlined a number of feasible options through which the US could reduce its federal deficit through a series of tax increases and expenditure cuts.
Previously, Erskine served as White House Chief of Staff under President Clinton from 1996 to 1998. In that capacity, he brokered the last significant bipartisan budget agreement, the Balanced Budget Act of 1997, with the Republican leadership in Congress, helping to generate the first balanced budget in nearly 30 years.
He had previously served as Deputy White House Chief of Staff from 1994 to 1995 and as head of the Small Business Administration from 1993 to 1994.
Before entering politics, Erskine also had a long career in business, helping to found the investment firm Carousel Capital in Charlotte, North Carolina. He was also the Democratic nominee for the US Senate in North Carolina in both 2002 and 2004.
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