VIDEO FROM THE 2017 FISCAL SUMMIT


AGENDA

All times in ET

8:30 am

CONGRESSIONAL LEADERS: RISING DEBT AND THE LEGISLATIVE AGENDA

Senator John S. McCain (R-AZ), Chairman, U.S. Senate Committee on Armed Services

Senator Mark Warner (D-VA), Vice Chairman, U.S. Senate Committee on Intelligence; U.S. Senate Committee on Finance; U.S. Senate Committee on Banking; U.S. Senate Committee on the Budget

Interviewer: Dana Bash, Chief Political Correspondent, CNN

In a series of one-on-one interviews, House and Senate Congressional leaders will explore the connection between America’s rising national debt and a crowded legislative agenda. The major areas of reform – including healthcare reform, tax reform, infrastructure, trade and more – all have significant fiscal implications. These timely conversations will center on ways to craft policy solutions that are both fiscally responsible and supportive of economic growth.

Watch the interview with Sen. John S. McCain || Watch the interview with Sen. Mark Warner

9:20 am

Getting to Yes: Finding Consensus in a Divided Congress

Representative Charlie Dent (R-PA), Chairman, Subcommittee on Military Construction, Veterans Affairs, and Related Agencies, U.S. House Committee on Appropriations

Representative Jim Himes (D-CT), Chair, New Democrat Coalition; U.S. House Committee on Financial Services; Ranking Member, NSA and Cybersecurity Subcommittee, U.S. House Permanent Select Committee on Intelligence

Moderator: Lisa Desjardins, Correspondent, PBS NewsHour

In a polarized, highly-partisan Congress, fierce ideological battles often prevent cooperation and compromise. However, bipartisan solutions are often the key to breaking legislative gridlock and achieving lasting reform. In this conversation, Rep. Charlie Dent (R-PA), co-chair of the Tuesday Group, and Rep. Jim Himes (D-CT), chair of the New Democrat Coalition, will assess the political and electoral forces shaping today’s policy environment, the vast “middle” of American politics, and the possibilities that exist to find consensus in a shifting landscape.

Watch the interview

10:00 am

Opening Remarks

Michael A. Peterson, President and Chief Executive Officer, Peter G. Peterson Foundation

Watch the video

10:10 am

U.S. TREASURY SECRETARY STEVEN T. MNUCHIN

Secretary Steven T. Mnuchin, U.S. Department of the Treasury

Interviewer: John Harwood, Editor at Large, CNBC

The White House recently released a blueprint outlining President Trump’s tax reform plan. In this one-on-one conversation, Treasury Secretary Mnuchin will discuss the goals and principles underlying that plan, addressing key details such as target rates for corporations and individuals, how tax expenditures will be treated, and the effect on economic growth and the nation’s fiscal condition.

Watch the interview

10:40 am

Sustaining American Leadership in an Uncertain World

Michael G. Mullen, USN (RET.) 17th Chairman, Joint Chiefs of Staff; President, MGM Consulting LLC; Chairman, Coalition for Fiscal and National Security

Interviewer: John Harwood, Editor at Large, CNBC

Today’s global security challenges demand American leadership. However, our country's safety, strength and international influence are built on our nation’s fiscal and economic health. Our elected officials face tough choices in maintaining the economic growth that underlies our security, while assessing the challenges of the moment and the technological possibilities of the future. Admiral Mike Mullen, former chairman of the Joint Chiefs of Staff, will draw from his considerable experience to explore how our nation can maintain global economic and diplomatic leadership that is both sustainable and sufficient to the challenges we face.

Watch the interview

11:00 am

CONGRESSIONAL LEADERS: RISING DEBT AND THE LEGISLATIVE AGENDA

House Democratic Leader Nancy Pelosi (D-CA)

Interviewer: Dana Bash, Chief Political Correspondent, CNN

Watch the interview

12:00 pm

UP TO US: ENGAGING THE NEXT GENERATION

Up to Us is a non-partisan, grassroots initiative that engages students on campuses across the country in a competition to raise awareness among their peers about the nation’s fiscal future and the economic opportunities the next generation will inherit. Michael Peterson will recognize this year’s winning team from Jackson State University.

Watch the video

12:15 pm

GROWTH AND FISCAL SUSTAINABILITY IN A CHANGING ECONOMY

Mitch Landrieu, Mayor of New Orleans; Vice President, U.S. Conference of Mayors

Joshua Bolten, President and Chief Executive Officer, Business Roundtable

Jason Furman, Former Chairman, Council of Economic Advisers 2013–2017

Moderator: John Harwood, Editor at Large, CNBC

A growing, thriving economy is a critical part of stabilizing our nation’s long-term fiscal imbalance. And stabilizing our increasing national debt is a critical part of achieving long-run economic growth. How do we balance these interacting priorities to generate successful and sustainable fiscal and economic health for America? How much growth is really possible? How does our rising national debt threaten the economy? What can policymakers do to generate sustainable growth that creates widely-shared economic opportunity for all Americans? President and CEO of Business Roundtable Josh Bolten, former Chairman of the Council of Economic Advisers Jason Furman, and New Orleans Mayor Mitch Landrieu will assess the current state of America’s economic engine, and describe policies that will bolster innovation, sustainability and competitiveness in a changing economy.

Watch the panel

1:30 pm

A Conversation with Atul Gawande

Atul Gawande MD, MPH, Executive Director, Ariadne Labs

Interviewer: Michael A. Peterson, President and Chief Executive Officer, Peter G. Peterson Foundation

Atul Gawande, MD, MPH, surgeon, writer and public health researcher joins Michael Peterson for a conversation about how healthcare delivery reform can help reduce costs and improve quality of care.

Watch the interview

2:00 pm

THE TAX REFORM OPPORTUNITY

House Democratic Whip Steny Hoyer, (MD-05)

Representative Kevin Brady (R-TX), Chairman, U.S. House Committee on ways and Means and Joint Committee on Taxation

Interviewer: Richard Rubin, U.S. Tax Policy Reporter, The Wall Street Journal

Even in a highly polarized Congress, there is broad support for reforming the U.S. tax code. Tax reform done right would promote economic growth, reduce complexity, increase transparency and fairness, and improve the nation’s fiscal outlook. Yet getting major tax reform across a goal line has always been elusive. Wall Street Journal tax policy reporter Richard Rubin will lead back-to-back conversations with Chairman of the House Ways and Means Committee Kevin Brady (R-TX) and House Democratic Whip Steny Hoyer (D-MD) on goals for tax reform legislation, the specific proposals under discussion, and how to overcome deeply entrenched interests across the economy.

Watch the interview with House Democratic Whip Steny Hoyer || Watch the interview with Rep. Kevin Brady

2:30 pm

IMPROVING HEALTHCARE TO DELIVER BETTER QUALITY CARE AT LOWER COST

Sylvia Mathews Burwell, President-Designate, American University; 22nd U.S. Secretary of Health and Human Services

James C. Capretta, Resident Fellow and Milton Friedman Chair, American Enterprise Institute

Atul Gawande MD, MPH, Executive Director, Ariadne Labs

Moderator: Julie Rovner, Chief Washington Correspondent, Kaiser Health News

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. Healthcare represents 70 percent of the future growth in entitlement spending, so there’s no viable solution to our debt problem that does not include healthcare reform. Healthcare is also a key economic issue that affects wages, competitiveness, and opportunity, given that the U.S. spends twice as much on healthcare as other advanced nations – often with outcomes that are no better. In this timely conversation, three renowned healthcare experts will discuss the current prospects for healthcare reform in Congress, but also how innovations in delivery reform, payment reform and data transparency can lead to better health outcomes at lower cost.

Watch the panel


Rising Debt in a Changing Economy

America faces the dynamic combination of an evolving economy, a crowded legislative agenda, and an unsustainable fiscal outlook. As Congress and a new administration explore major changes in key areas — healthcare, taxes, infrastructure, trade, and more — our fiscal condition remains as important as ever.

With many reforms on the table, one issue impacts all the others: our unsustainable national debt. America’s fiscal outlook is connected to all these issues because our growing debt threatens our economy and weakens our ability to address our most important budget priorities.

All of the major reform proposals will impact, and are impacted by, the national debt. Given that 70 percent of the spending growth in our major entitlement programs is for healthcare, addressing the U.S. healthcare system is essential to improving our fiscal outlook. Tax reform can have a significant and direct effect on our fiscal path — making it far better, or far worse. If there is agreement that we need to address our infrastructure, how will we find the resources to pay for it — now and in the future — if we allow debt and interest costs to grow? How will America’s workforce meet the challenges and opportunities presented by globalization if the national debt harms economic growth and America’s leadership role in the world?

The 2017 Fiscal Summit will convene leading voices and policymakers from across the political spectrum to discuss the legislative agenda, its connection to our growing national debt, and solutions to put us on a better path. The Summit will discuss the significant fiscal implications of current reform proposals, and examine the opportunities that exist to ensure policy solutions are sustainable, fiscally responsible, and supportive of economic growth.


2017 Fiscal Summit Materials

Charts

America’s rising debt must be a central part of the 2017 policy discussion, because addressing it is essential for us to meet the most pressing challenges of a changing economy.

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The Fiscal Top Ten

The top 10 reasons long-term debt should be on the 2017 agenda.

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National Debt Infographic

The national debt is the one issue that affects all others.

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The Fiscal State of Play Infographic

The national debt is the one issue that affects all others.

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Media Advisory

A strong fiscal outlook is an essential foundation for a growing, thriving economy — but our current debt-to-GDP ratio is the highest it has been since 1950.

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Polling Memo

American voters make a strong connection between the national debt and key issues on the legislative agenda. As lawmakers consider significant reforms on a number of issues, voters of all political stripes strongly want to see major policies addressed in ways that make progress on the national debt.

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About the Peter G. Peterson Foundation

We serve as a convener and consensus builder, bringing together a diverse range of people, organizations, and ideas to bridge partisan divides—including through our signature annual event, the Fiscal Summit.

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Participant Biographies

Speakers and participants at the 2017 Fiscal Summit include Secretary Steven T. Mnuchin, House Democratic Leader Nancy Pelosi, Senator John S. McCain, and more.

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2017 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.

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PAST SUMMITS

2016 Fiscal Summit

Leadership for a Secure Future

The 2016 Fiscal Summit provided a national platform for essential election-year conversations.

2015 Fiscal Summit

Opportunity for America

With progress made, but serious work still to be done, the Peter G. Peterson Foundation held its sixth-annual Fiscal Summit, titled "Opportunity for America" on May 19, 2015 in Washington, D.C.

2014 Fiscal Summit

Our Economic Future

The 2014 Fiscal Summit explored what we, as a nation, have to gain if we act now to strengthen our fiscal foundation; promote a growing, thriving economy; and ensure that our future isn’t diminished by our past.

2013 Fiscal Summit

Facing the Future

Despite a challenging political environment, the opportunity remains for the U.S. to solve its long-term debt problem and position the nation for future economic success and a continued leadership in the world.

2012 Fiscal Summit

America's Case for Action

With a national election that fall, and critical fiscal deadlines at the end of the year, policymakers faced a prime opportunity to set America on a fiscally sustainable path.

2011 Fiscal Summit

Solutions for American's Future

By convening leaders from across the ideological spectrum to discuss concrete budget plans, the 2011 Summit was an important step in working toward bipartisan fiscal solutions that help preserve the American Dream for future generations.

2010 Fiscal Summit

America's Challenge and a Way Forward

The Fiscal Summit brought together hundreds of prominent stakeholders from across the political spectrum with diverse ideas on how to address critical fiscal issues, while continuing to meet the priorities of the American people.

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.

Peter G. Peterson Foundation
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