03/29/2010 05:12 am ET Updated May 25, 2011

Obama To Call For Bipartisan Budget Task Force

President Obama will call for creation of a bipartisan task force to tackle the nation's budget problems in Wednesday night's State of the Union address, aides said, one day after the Senate narrowly rejected a plan to establish such a panel.

The budget commission would have broad authority to recommend changes in the tax code and entitlement programs such as Social Security and Medicare. Obama has previously pledged to set up a commission by executive order if Congress fails to act. Such a panel would lack the legal authority to force action in Congress, however, and key Republicans have said they would refuse to participate.

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