After leaving the Senate, Domenici served as a senior fellow for the Bipartisan Policy Center. Domenici and former OMB director and CBO director Dr. Alice Rivlin chaired a Debt Reduction Task Force sponsored by the Bipartisan Policy Center. The task force was announced at a joint press conference on January 26, 2010, in Washington. The task force began its work in February 2010 and, led by Domenici, released a report on November 17, 2010 on ways to address and reduce the national debt and deficit.