NU Online News Service, Dec. 1, 3:46 p.m. EST
WASHINGTON–The co-chairmen of the deficit commission appointed by President Obama today proposed "aggressive tort reform" as one of its recommendations for reducing the federal budget deficit.
The co-chairmen of the 18-member National Commission on Fiscal Responsibility and Reform also said in their draft, "Many members of the commission also believe that we should impose statutory caps on punitive and non-economic damages, and we recommend that Congress consider this approach and evaluate its impact."
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