The president's deficit commission voted 11-7 Friday on a combination of spending cuts and tax increases recommended by its co-chairmen, falling short of the 14 votes needed to send the plan to Congress. Co-chair Alan Simpson still showed optimism, saying…

Fiscal commission co-chairs Alan Simpson and Erskine Bowles have revised and trimmed a deficit proposal in an effort to win bipartisan support. But will it move beyond the proposal stage? The chairmen talk to Judy Woodruff about the controversial cost-cutting…