Latest News
What they're saying about the Gang of Six plan
Jul 20 2011
Here’s some reaction to the Gang of Six deficit reduction plan. Senator Warner, a leader of the Gang of Six group, has been working across the aisle to reduce the deficit and preserve entitlements since last year.
Praise from those who should know
Jul 19 2011
The bipartisan chairs of the two most recent national commissions on deficit reduction praise the framework of the Gang of Six proposal today in statements from the Committee on a Responsible Federal Budget and the Bipartisan Policy Center.
"Gang of Six - Plus"
Jul 19 2011
Democratic and Republican senators are rallying behind a $3.7 trillion deficit reduction plan unveiled Tuesday morning by the five remaining members of the Gang of Six. Sen. Tom Coburn (R-Okla.), who pulled out of the Gang of Six in May, has rejoined the group and praised the plan as something that could win the 60 votes needed to pass the Senate.
Business leaders begin to weigh in
Jul 12 2011
More than 300 top U.S. business leaders today urged the White House and Congressional leaders to “put aside partisan differences” and agree to a bipartisan compromise that will “substantially reduce … long-term budget deficits.”
Where's Wall Street?
Jul 07 2011
In an op/ed published in today’s Washington Post, Senator Warner called on American business leaders to speak out about the urgency of reaching a bipartisan deal on the debt ceiling. The former Virginia Governor and co-founder of Nextel says politicians should stop stalling and leaders in the private sector must also show their support for a plan to raise the debt ceiling and begin reducing the budget deficit and national debt.
U.S. Sen. Mark Warner (D., Va.) rapped the business community on the knuckles Tuesday, saying it hasn't done enough to urge lawmakers to come to an agreement on long-term debt reduction. Warner, one of five senators working on a long-term agreement to reduce ballooning federal debt levels by about $4.5 trillion over 10 years, said the business community could give lawmakers political cover to support difficult comprises on taxes and entitlement reforms needed to get the county's fiscal house in order.
Senator Warner appeared on Morning Joe this morning to talk about his efforts to reduce the deficit in a bipartisan way. "The only thing we can get to jump start this economy and get part of that $2 trillion in cash sitting on corporate balance sheets off the sidelines and reinvested in the country, is to put a long term deficit reduction plan in place," Senator Warner said.
There has been much speculation about the “demise” of the Gang of Six — the only truly bipartisan effort to reduce our national debt sufficiently and keep us on a sustainable path — since Sen. Tom Coburn (R-Okla.) decided to take a break from the group’s discussions. But reports of the group’s death have been greatly exaggerated.
No time for political games
May 31 2011
House Republicans have scheduled a vote late today to increase the debt limit that is "doomed to fail" simply to prove a point, according to reporter Jackie Calmes at the New York Times. Senator Warner spoke to Calmes and also talked about his efforts to grapple with the nation’s $1.5 trillion deficit and $14 trillion debt with Andrea Mitchell on MSNBC today.
At a budget conference hosted by the Peterson Foundation, Senator Warner and three other members of a Senate group working on a comprehensive, bipartisan budget solution said those budget discussions may be the best hope for a bipartisan fiscal accord this year.
