WASHINGTON, D.C. -- "We're not that far away from getting a debt deal."

That is the unequivocating opinion of former U.S. senator Judd Gregg (R-NH) and echoed by former U.S. senator Kent Conrad (D-N.D.) at the general membership meeting of the Investment Company Institute. Both men are former chairmen of the Senate Budget Committee and progenitors of a plan for reshaping the U.S. finances known from the National Commission on Fiscal Responsibility and Reform, often called the Simpson-Bowles plan.

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