Obama endorses deficit task force

President Barack Obama speaks about financial reform, Thursday, Jan. 21, 2010, at the White House in Washington. From left are, Council of Economic Advisers Chair Christina Romer, Treasury Secretary Timothy Geithner, House Financial Services Committee Chairman Rep. Barney Frank, D-Mass., the president and Economic Recovery Advisory Board chair Paul Volcker. (AP Photo/Charles Dharapak) (AP Photo/Charles Dharapak)

January 23, 2010 5:16:18 PM PST
President Barack Obama Saturday endorsed a bipartisan plan to name a special task force charged with coming up with a plan to curb the spiraling budget deficit, though the idea has lots of opposition from both his allies and rivals on Capitol Hill.