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[4 Dec 2010 | 5 Comments | 3,968 views]
Mortgage interest deduction — safe for now

The National Commission on Fiscal Responsibility and Reform — a task force put together by President Barack Obama — on Friday decided against sending a national budget reduction plan to Congress.
The budget reduction report, which was to save $4 trillion over 10 years, would have been presented to Congress if 14 of the 18 members on the commission approved of it. The final vote — 11 for the plan and 7 against — was just enough to keep the report from being taken up by Congress for consideration. Click here …