The Daily Tar Heel

Serving the students and the University community since 1893

Sunday March 26th

Obama chooses Bowles to lead federal commission

Will address federal deficit

President Barack Obama will appoint UNC-system President Erskine Bowles to lead a federal commission addressing the climbing federal deficit, the New York Times reported Tuesday.

The formal announcement of the bipartisan 18-person commission will be made Thursday. Bowles will lead the commission with co-chairman Alan Simpson, a former Republican U.S. Senator from Wyoming.

The commission's goal is to create a plan for reducing the federal deficit by 2015. 

Bowles served as White House Chief of Staff during the administration of former President Bill Clinton and played a role in negotiating the first balanced budget in a generation. He also directed the Small Business Administration during the Clinton administration.

Bowles announced Friday morning that he will retire as UNC-system president by the end of 2010.



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