Statement by Chairman Pete Peterson on Plan by Bipartisan Group of Senators

“What America needs right now is a bipartisan compromise to put our country on a path to long-term fiscal sustainability and avoid a major financial crisis. The bipartisan group of senators has demonstrated remarkable leadership, courage and determination in developing a comprehensive package which includes spending cuts and revenue reforms to address our structural deficits. These six senators have done what we need all of our elected leaders to do: come together on a comprehensive bipartisan plan that addresses America's long-term deficits in a big way.”

About the Peter G. Peterson Foundation

The Peter G. Peterson Foundation is a nonprofit, nonpartisan organization established by Pete Peterson – businessman, philanthropist, and former U.S. Secretary of Commerce. The Foundation is dedicated to increasing public awareness of the nature and urgency of key long-term fiscal challenges threatening America's future and to accelerating action on them. To address these challenges successfully, we work to bring Americans together to find and implement sensible, long-term solutions that transcend age, party lines and ideological divides in order to achieve real results. To learn more, please visit www.PGPF.org.