The Latest

NEWS

The Peter G. Peterson Foundation is a non-partisan, non-profit organization focused on building a brighter economic future for all Americans. Browse news from the Foundation, and read about our upcoming events.

Infographic: The Facts about U.S. Defense Spending

*/ /*-->*/

Read More
September 21, 2017
What is a Continuing Resolution?

A continuing resolution is a temporary funding measure that Congress can use to fund the federal government for a limited amount of time.

Read More
September 21, 2017
Peterson Foundation Statement on Reports of Fiscally Irresponsible Senate Budget Resolution

"Reaching $20 trillion in debt should be a wake-up call to solve our fiscal challenges, not an invitation to add to the problem," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

Read More
September 19, 2017
The Tax Reform Tradeoff: Eliminating Tax Expenditures, Reducing Rates

The paper puts real numbers behind different scenarios for a structure for tax reform: eliminating income tax expenditures to enable lower tax rates.

Read More
September 13, 2017
Principles for Tax Reform to Grow the Economy, Not the Debt

Fiscally responsible tax reform essential to America’s economic growth and long-term prosperity

Read More
September 12, 2017
Peterson Foundation Statement on U.S. Debt Reaching $20 Trillion

"Surpassing $20 trillion in debt is the latest indicator of our nation's dire fiscal condition," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

Read More
September 11, 2017
How the Lack of Action on the Debt Limit Can Hurt the Economy

Even if Congress raises the debt limit and avoids default, last-minute brinksmanship alone has the potential to create economic damage.

Read More
September 6, 2017
What’s the Difference between a Government Shutdown and the Debt Limit?

Debates over the debt ceiling and government shutdowns can be confusing, particularly in years when lawmakers must fund the government and raise the debt limit around the same time.

Read More
September 6, 2017
Welcome Back, Congress

As Congress returns from its August recess, lawmakers face a to-do list filled with important fiscal deadlines.

Read More
September 5, 2017
The Macroeconomic Gains from Stabilizing and Reducing Federal Debt

By making gradual changes to federal spending and revenue, lawmakers can not only stabilize our fiscal outlook, but provide long-run economic benefits for American families (in terms of real GNP growth) without inflicting undue damage on the U.S. economy in the near term.

Read More
August 31, 2017
Peterson Foundation Statement on Tax Reform

"Smart tax reform will promote economic growth, increase fairness and simplicity, and improve the nation’s fiscal outlook. From both a fiscal and economic standpoint, tax reform is essential," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

Read More
August 30, 2017
August FCI Results: Voters Expect Policymakers to Prioritize Fiscal Solutions

As policymakers prepare to return to Washington from their August recess, voters expect them to prioritize fiscal solutions as they tackle a busy legislative agenda.

Read More
August 29, 2017
Fiscal Confidence Index Results for August 2017; FCI Value: 56

As the nation approaches key deadlines relating to the debt ceiling and funding the government as well as debates on tax reform, American voters are calling for the national debt to be a top priority.

Read More
August 29, 2017
Statement from the Peterson Foundation on Tax Reform

"Reforming taxes in a fiscally responsible way will increase confidence and certainty, and improve conditions for growth over the long term," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

Read More
July 27, 2017
Five Things You May Not Know about Medicaid

There's ongoing discussion in Washington about making changes to Medicaid. Learn more about the program.

Read More
July 26, 2017
July FCI Results: Americans Focus on Nation's Fiscal Health

As policymakers prepare to return to their districts for August recess, American voters remain concerned about the nation’s fiscal health.

Read More
July 25, 2017
Fiscal Confidence Index Results for July 2017; FCI Value: 52

Voters are now more than twice as likely to say that the United States is on the wrong track in addressing the national debt than to say it is moving in the right direction.

Read More
July 25, 2017
What is PAYGO?

PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.

Read More
July 20, 2017
What is budget reconciliation?

Reconciliation is a powerful process, whereby legislation drafted to meet those instructions has an easier path to passage.

Read More
July 20, 2017
What is sequestration?

Sequestration was designed to be a blunt instrument, whose arbitrary effects would be so undesirable that they would compel policymakers to reach compromise on budget legislation rather than allow the cuts to go into effect.

Read More
July 20, 2017
What are discretionary spending caps?

There is one cap for national defense and another cap for non-defense programs.

Read More
July 20, 2017
What is the Congressional Budget Office (CBO)?

CBO plays a vitally important role in the federal budget process.

Read More
July 20, 2017
What is the budget window?

While a 10-year window is currently the standard, the number of years covered by budget resolutions has varied.

Read More
July 20, 2017
Budget Explainer: Medicare

This budget explainer describes the Medicare program, how it is financed, what it pays for, what role it plays in financing American health care, and what is projected for the future.

Read More
July 20, 2017
Infographic: U.S. Healthcare Spending

Improving our healthcare system to deliver better quality care at lower cost is critically important to our nation’s long-term economic and fiscal well-being.

Read More
July 19, 2017
How Does Social Security Work?

Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.

Read More
July 19, 2017
What You Need to Know about the Social Security and Medicare Trustees Reports

Social Security and Medicare affect nearly every American at some point in their lives.

Read More
July 17, 2017
Medicare Trustees Warn of Serious Financial Shortfalls

The Trustees highlight a fundamental imbalance between rising Medicare spending and the revenue sources dedicated to fund it.

Read More
July 14, 2017
Analyses: Social Security and Medicare Trustees Reports

Research from the Peterson Foundation looks at the 2017 Annual Reports from the Social Security and Medicare Boards of Trustees, with key findings from each report illustrated with chart data.

Read More
July 14, 2017
Trustees Warn: Social Security in Financial Trouble

As the large baby boom generation enters retirement and Americans continue to enjoy longer lifespans, more and more individuals will collect benefits from the system and for longer periods, while relatively fewer workers will contribute taxes to support it.

Read More
July 13, 2017
CBO: Debt Remains High Under President’s Budget

Using its own economic and technical assumptions, CBO finds that the budget would not reach balance in 2027 as the administration projects — but instead the deficit would grow from $693 billion in 2017 to $720 billion in 2027.

Read More
July 13, 2017
Statement from the Peterson Foundation on the 2017 Social Security and Medicare Trustees Reports

"In today’s reports, the Trustees once again warn us that Social Security and Medicare are unsustainable and in danger of becoming insolvent," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

Read More
July 13, 2017
Yellen: Congress Should Factor National Debt into Policy Decisions

Federal Reserve Chair Janet Yellen emphasized the need for lawmakers to consider for the rising national debt — and its unsustainable trajectory — when considering policy choices.

Read More
July 12, 2017
Infographic: What Is the Debt Limit?

Increasing the debt limit allows the Treasury to borrow funds to pay for the government’s obligations that have already been incurred as the result of laws and budgets approved by the President and Congress.

Read More
July 11, 2017
Debt Ceiling Update: What’s at Stake This Fall

If lawmakers do not agree on raising or suspending the debt limit before the extraordinary measures are exhausted, there would be severe consequences for both the federal government and the economy.

Read More
July 10, 2017
Five Key Takeaways from the CBO Budget and Economic Outlook

CBO warns that the “high and rising debt would have serious negative consequences for the budget and the nation,” including reduced incomes for families, an increased likelihood of financial crisis, and decreased flexibility for lawmakers when responding to unexpected challenges.

Read More
June 30, 2017
CBO: Unsustainable Deficits Threaten Future Economic Growth

On our current path, CBO projects that deficits will reach $1.0 trillion by 2022 and total $10.1 trillion over the next ten years.

Read More
June 29, 2017
Statement from the Peterson Foundation on the CBO's Budget and Economic Outlook

"As lawmakers debate significant reforms, our growing deficits should be a factor in every policy conversation," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

Read More
June 29, 2017
May FCI Results: Americans Deeply Concerned About Nation’s Fiscal Health

With the Administration unveiling the president’s budget plan this month and lawmakers on Capitol Hill considering major pieces of legislation that would affect the country’s fiscal outlook, voters remain concerned about the national debt and the fiscal well-being of the country.

Read More
May 31, 2017
Fiscal Confidence Index Results for May 2017; FCI Value: 54

With the Administration unveiling the president’s budget plan this month and lawmakers on Capitol Hill considering major pieces of legislation that would affect the country’s fiscal outlook, voters remain concerned about the national debt and the fiscal well-being of the country.

Read More
May 31, 2017
Analysis: The President’s FY 2018 Budget

The President's budget has a worthy goal of deficit reduction. However the economic assumptions underlying the president’s budget are optimistic.

Read More
May 26, 2017
Improving Healthcare to Deliver Better Quality Care at Lower Cost

Three renowned healthcare experts discussed the current prospects for healthcare reform in Congress, and also how innovations in delivery reform, payment reform, and data transparency can lead to better health outcomes at lower cost.

Read More
May 23, 2017
2017 Fiscal Summit: Interview with Representative Kevin Brady (R-TX)

Representative Kevin Brady (R-TX) discusses the goals for tax reform legislation, the specific proposals under discussion, and how to overcome deeply entrenched interests across the economy.

Read More
May 23, 2017
2017 Fiscal Summit Press Release

“Addressing our nation’s unprecedented and unsustainable debt is critical to securing a strong, growing economy of the future,” said Pete Peterson, Founder and Chairman of the Peter G. Peterson Foundation.

Read More
May 23, 2017
2017 Fiscal Summit: Interview with House Democratic Whip Steny Hoyer (MD-05)

House Democratic Whip Steny Hoyer discusses the goals for tax reform legislation, the specific proposals under discussion, and how to overcome deeply entrenched interests across the economy.

Read More
May 23, 2017
2017 Fiscal Summit: Interview with Atul Gawande

Atul Gawande explains how healthcare delivery reform can help reduce costs and improve quality of care with PGPF President and CEO Michael A. Peterson.

Read More
May 23, 2017
Growth and Fiscal Sustainability in a Changing Economy

How do we generate successful and sustainable fiscal and economic health for America? How much growth is really possible?

Read More
May 23, 2017
Up to Us: Engaging the Next Generation

Michael Peterson recognized this year’s winning team from Jackson State University.

Read More
May 23, 2017
2017 Fiscal Summit: Interview with House Democratic Leader Nancy Pelosi (D-CA)

House Democratic Leader Nancy Pelosi explores the connection between America’s rising national debt and a crowded legislative agenda with CNN's Dana Bash.

Read More
May 23, 2017
2017 Fiscal Summit: Interview with Michael G. Mullen, USN (Ret.)

Michael G. Mullen, USN (Ret.) explores how the nation's safety, strength, and international influence are built on our nation’s fiscal and economic health with CNBC's John Harwood.

Read More
May 23, 2017
2017 Fiscal Summit: Interview with U.S. Treasury Secretary Steven T. Mnuchin

U.S. Treasury Secretary Steven T. Mnuchin explains the administration's tax reform plan and the effect on economic growth and the nation’s fiscal condition with CNBC's John Harwood.

Read More
May 23, 2017
2017 Fiscal Summit: Rising Debt in a Changing Economy

Peter G. Peterson Foundation President and CEO Michael A. Peterson addresses the nation's fiscal challenges.

Read More
May 23, 2017
Getting to Yes: Finding Consensus in a Divided Congress

Rep. Charlie Dent (R-PA) and Rep. Jim Himes (D-CT) explored the possibilities that exist to find consensus in a shifting landscape with PBS NewsHour's Lisa Desjardins.

Read More
May 23, 2017
2017 Fiscal Summit: Interview with Senator Mark Warner (D-VA)

Senator Mark Warner explores the connection between America’s rising national debt and a crowded legislative agenda with CNN's Dana Bash.

Read More
May 23, 2017
2017 Fiscal Summit: Interview with Senator John S. McCain (R-AZ)

Senator John McCain explores the connection between America’s rising national debt and a crowded legislative agenda with CNN's Dana Bash.

Read More
May 23, 2017
Peterson Foundation Statement on President's Budget

“America’s high and rising national debt threatens our economy, and must be included in the policy conversation this year," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

Read More
May 23, 2017
2017 Up to Us Winner: Jackson State University

The student team from Jackson State University has won the fifth annual Up to Us Campus Competition, which empowers students across the country to raise awareness and engagement on America’s fiscal challenges.

Read More
May 22, 2017
2017 Fiscal Summit Media Advisory

Set against the backdrop of a new political, policy and economic landscape, the 2017 Fiscal Summit will explore the connection between the legislative agenda and our growing national debt

Read More
May 18, 2017
Top 10 Reasons Why the National Debt Matters

Now that the economy is stronger, we have the opportunity to put in place sensible reforms that will put our long-term fiscal trajectory on a sustainable path.

Read More
May 8, 2017
The Fiscal Month in Review: Resurrection of the AHCA, Broad Strokes on Taxes

As the Trump administration marks the 100 day milestone, a number of pressing fiscal issues remain to be resolved.

Read More
April 28, 2017
Statement on President's Tax Plan

Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation, commented today after the White House released the outline of President Trump’s tax plan.

Read More
April 26, 2017
April FCI Results: Voters Focus on Fiscal Health

As policymakers pursue a range of legislative reforms, American voters remain concerned about the nation’s fiscal health.

Read More
April 25, 2017
Fiscal Confidence Index Results for April 2017; FCI Value: 53

In the early days of a new administration and Congress, voters have increased expectations for elected leaders to take action on our national debt, and remain deeply concerned about our fiscal outlook.

Read More
April 25, 2017
Budget Basics: Who Pays Taxes?

The fairness of our federal tax system is a hotly debated issue.

Read More
April 11, 2017
Four Key Takeaways from the CBO Long-Term Outlook

Federal debt is already at its highest level since 1950 and is projected to climb to an all-time high.

Read More
March 31, 2017
The Fiscal Month in Review: Busy Months Ahead for Legislators

As lawmakers look pursue a range of policy priorities, there are a number of fiscal concerns on the calendar over the coming months.

Read More
March 30, 2017
March FCI Results: Americans Remain Deeply Concerned

Voters are more likely this month to say the country is currently on the wrong track in addressing our fiscal challenges.

Read More
March 28, 2017
Fiscal Confidence Index Results for March 2017; FCI Value: 57

In the early days of a new administration and Congress, voters have increased expectations for elected leaders to take action on our national debt, and remain deeply concerned about our fiscal outlook.

Read More
March 28, 2017
Statement on CBO's 2017 Long-Term Budget Outlook

“America’s high and rising national debt threatens our economy, and must be included in the policy conversation this year," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

Read More
March 28, 2017
Statement on President Trump’s Budget Blueprint

“As lawmakers work through the budget process and pursue other major reforms, they have a responsibility to address our nation’s high and rising debt," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

Read More
March 16, 2017
The Debt Ceiling Reinstated

What does reinstating the debt ceiling mean for federal policymaking and the economy?

Read More
March 15, 2017
Statement on the President’s Address to Congress

"As our leaders consider reforms in key areas such as healthcare and tax reform, we must enact policies that also improve our nation’s fiscal outlook. Looking ahead, the President and Congress have the opportunity to work together to stabilize our debt and provide a strong foundation for economic growth," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

Read More
February 28, 2017
February FCI Results: Americans Call on Policymakers to Make National Debt a Top Priority

As President Trump prepares to address a joint session of Congress on Tuesday evening, voters are calling for more focus on the national debt, according to the February Fiscal Confidence Index.

Read More
February 28, 2017
Fiscal Confidence Index Results for February 2017; FCI Value: 60

In the early days of a new administration and Congress, voters have increased expectations for elected leaders to take action on our national debt, and remain deeply concerned about our fiscal outlook.

Read More
February 28, 2017
January FCI Results: Voters Expect Action

Driven by a change in sentiment of Republican voters, Americans overall are now more evenly split on whether the country is on the right direction or wrong track on addressing the debt.

Read More
February 2, 2017
The Fiscal Month in Review: Healthcare, Taxes, and Debt

With a new Congress and president in place, a number of important fiscal and economic policy issues have come to the forefront in January.

Read More
January 31, 2017
The Fiscal Month in Review: Questions about Policy Specifics Remain

Trump outlined some broad strokes of his budget proposal on February 27, but lawmakers and voters are anxious to see where the administration stands on a number of key budgetary issues.

Read More
January 31, 2017
Fiscal Confidence Index Results for January 2017; FCI Value: 67

In the early days of a new administration and Congress, voters have increased expectations for elected leaders to take action on our national debt, and remain deeply concerned about our fiscal outlook.

Read More
January 31, 2017
Top Three Takeaways on the 10-Year Fiscal Outlook

As a new president and Congress get to work on their policy priorities for 2017, there is one issue that affects all others: the nation’s unsustainable long-term fiscal outlook.

Read More
January 25, 2017
CBO Warns: Deficits Will Reach $1 Trillion In 2023

CBO projects that, on our current path, deficits will reach $1 trillion by 2023 and total $9.4 trillion over the next ten years.

Read More
January 24, 2017
Statement on CBO's Budget and Economic Outlook

“As a new president and Congress take office, one thing hasn’t changed: our nation’s fiscal outlook remains unsustainable," Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation, said in response to the Congressional Budget Office's Budget and Economic Outlook update.

Read More
January 24, 2017
Infographic: The National Debt and Our Economy

Donald Trump entered office with the highest level of debt to GDP of any incoming president since Harry Truman.

Read More
January 24, 2017
GAO: Congress and Trump Administration Face Serious Fiscal Challenges

“The federal government’s fiscal path is unsustainable," warns the Government Accountability Office.

Read More
January 18, 2017
Fiscal Confidence Index Results for December 2016; FCI Value: 60

As the year comes to a close, the nation’s fiscal health remains a top concern for voters, according to the Peter G. Peterson Foundation’s December Fiscal Confidence Index.

Read More
January 4, 2017
Subscribe to The Latest from the Peterson Foundation

FISCAL ISSUES ILLUSTRATED

This series of infographics helps put some of today's most pressing fiscal debates in context.

THE TAX REFORM OPPORTUNITY

Video: Our tax code is complex, unfair, and insufficient. Learn more about the opportunity we have to reform and improve tax policy.