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After months of negotiations, with default looming, Congress passed and the President signed the Budget Control Act of 2011, which raises the debt ceiling and puts a process in place for reducing the deficit.
https://www.pgpf.org/analysis/peter-g-peterson-foundation-analysis-of-the-budget-control-act-of-2011
The share of total pre-tax income has sharply increased for the wealthy, but decreased for low-income households.
Pete Peterson Joins President Clinton and Others to Discuss Jobs, the Economy and America’s Long-Term Fiscal Challenges.
Each year, some of the revenue the federal government collects comes from various taxes. In 2012, taxpayers paid almost $2.5 trillion, which the government used to partially fund $3.5 trillion worth of spending on Social Security, health care, and other programs in areas such as defense and education. The remainder of spending was funded through deficits.
The lawmakers we choose this November will face critical fiscal and economic decisions in the next two, four, and six years.
https://www.pgpf.org/infographic/the-fiscal-election-whats-at-stake-in-this-election
Low-income seniors rely on Social Security benefits for a major share of their retirement income.
https://www.pgpf.org/chart-archive/0018_social-security-low-income
Reporting to the Senior Manager, Grant Operations, this position is a key contributor to the grantmaking function of the Foundation.
https://www.pgpf.org/about/careers/associate-grant-operations
The federal government is slated to borrow about $1.5 trillion this year, and that number is projected to nearly double over the next decade.
The Senior Director will engage with a range of research organizations from across the ideological spectrum to initiate new ideas, refine existing ones, and promote the combination of those most likely to address America’s long-term fiscal challenges.
https://www.pgpf.org/about/careers/senior-director-fiscal-policy