Obama established the debt commission in FebObama established the debt commission in FebFormer Clinton administration official Bruce Reed
w ill serve as executive director of President
Barack Obama's bipartisan debt panel.As chie
f domestic policy adviser under former Presid
ent Bill Clinton, Reed helped write the 1996
welfare reform law and worked on Clinton's ed
ucation agenda. He currently serves as chief
executive officer of the Democratic Leadershi
p Council.Obama established the debt commissi
on in February to find a way to get the count
ry's massive budget deficit under control. Th
e 18-member commission is charged with findin
g a plan by Dec. 1 to reduce the annual defic
its to 3 percent of the national economy by 2
015. Copyright 2010The Associated Press. All
rights reserved. This material may not be pub
lished, broadcast, rewritten, or redistribute
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