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The Peter G. Peterson Foundation is a non-partisan, non-profit organization dedicated to addressing America’s long-term fiscal challenges to ensure a better economic future. Our mission is to increase public awareness of the nature and urgency of key fiscal challenges threatening America’s future and to accelerate action on them.
This summer, the Congress passed and the president signed the Budget Control Act of 2011 (BCA) that put in place a process for reducing the deficit. The BCA imposed caps on future discretionary spending and empowered a bipartisan, bicameral committee (the “Supercommittee”) to identify additional deficit reduction by Thanksgiving. Over the next 10 years, the spending caps are projected to reduce deficits by approximately $900 billion, and the Supercommittee is charged with finding $1.5 trillion of additional savings.
Since its establishment in 2008, the Peter G. Peterson Foundation has been dedicated to advancing solutions to our nation’s long-term fiscal challenges. The Foundation is motivated by the belief that America is on an unsustainable path, and that only by changing course can we ensure that our economy remains strong and competitive for future generations.
Michael A. Peterson's Op-Ed in Politico: On Budget, 10 Is Not Enough
Help motivate and energize people to advocate for sustainable fiscal policies.
Coming up next week from Washington DC: The 2014 Fiscal Summit: Our Economic Future. The fifth annual Summit, sponsored by the Peterson Foundation, will bring together leading experts and policymakers to outline their vision for building a vibrant economy for all Americans, addressing our long-term fiscal challenges, and securing critical investments in our future.