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The past several years in Washington have been marked by an unfortunate cycle of lurching from crisis to crisis, the most dangerous of which has been the repeated practice of risking default on our nation’s obligations.
Video shown on-site during the Peter G. Peterson Foundation/Bloomberg LP "Fiscal Thursday" panel events at the 2012 Republican and Democratic National Conventions.
As millions of Americans work to meet this week's Tax Day filing deadline, there's no doubt that the U.S. tax code has become long, confusing, and cumbersome. PGPF has released a new video, The Tax Reform Opportunity, that describes how to simplify the tax code to enhance fairness and promote economic growth.
Statement from Peterson Foundation on Deal to End Shutdown, Avoid Default
NEW YORK — Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation, commented today on the reinstatement of the statutory debt limit. In a separate report released today, the Peterson Foundation estimates that lawmakers will have to act to raise the debt limit by October or November of 2015 to avoid a technical default.
While this agreement does not address the fundamental drivers of America’s long-term fiscal challenges, it does represent bipartisan fiscal policy and a welcome resolution to important fiscal deadlines.