Peter G. Peterson Foundation

The Congressional Budget Office (CBO) has released its Preliminary Analysis of the President's 2011 Budget. CBO’s report re-estimates the President’s budget using CBO’s economic and technical assumptions.  Over the 2011-2020 period CBO’s deficit estimates are more that $1 trillion higher than those projected by the Administration.

Greece may be singled out currently due to its economic failings, but the major factors contributing to this financial position — economic policies that are unsustainable in the long-term, lack of public credibility, and dependence on foreign investors — mirror in many ways the trajectory of that of the United States.

There are multiple external forces pushing for immediate fiscal changes in Greece. Aside from the European Finance ministers who are trying to mitigate the scale of a potential $34 billion bailout plan, there is also Moody's Investor Service, which threatens to further reduce Greece's sovereign debt rating from the A2 rating it received in December. Within the next month, Greece...

A Democrat talking about the need for entitlement reform? A Republican arguing for raising taxes?
The recent release of the budget from the White House, just a week after the Congressional Budget Office released its own Budget Outlook, returns attention back to how much money the government is spending, and where it's coming from.

It's important that we talk about finances - whether they're our own or our government's. That's why we're excited to announce PGPF's latest project: Fiscal Haiku. At FiscalHaiku.com, hundreds of people are using an ancient Japanese form of poetry to author short comments about everything from their personal credit card bills to our shared concern about the growing government debt. And people are taking notice: the St. Louis Post Dispatch and the Chronicle of Philanthropy have both featured these odes to the economy.

As the world's leaders discuss the world's problems in Pittsburgh, Steven R. Weisman breaks down what's at stake — climate change, economic recovery, banking reform ...

A panel of national budget experts, including PGPF President & CEO Dave Walker, unanimously expressed their concern with the nation's mounting debt.

U.S. Treasury Secretary Timothy Geithner wouldn't rule out taxing the middle class in an effort to ease the ballooning deficit ...

PGPF President & CEO Dave Walker appeared on CNN's "AC360" Monday evening to discuss the economy, taxes and health care reform ...

President Obama and Congress should spend more time fixing the economy and reducing the deficit before reforming health care, according to a recent survey...

Sen. George Voinovich (R-OH) said the Securing America's Future Economy (SAFE) Commission Act comes at a time when leaders should "get serious about dealing with these long-term financial fiscal problems that we’re going to have"...