Peterson Foundation Statement on JSC Concluding Without Passing Recommendations
Peterson Foundation Statement on JSC Concluding Without Passing Recommendations
NEW YORK — Michael A. Peterson, CEO of the Peter G. Peterson Foundation, commented today after the bipartisan Joint Select Committee on Budget and Appropriations Process Reform dissolved without passing any recommendations:
“It’s unfortunate that even the Committee’s draft package of modest recommendations failed to advance. Significant work remains to address America’s fiscal challenges and the Committee’s proposals could have been a small step in the right direction to improve our budget process.
“Members of this Committee spent nearly a year discussing a range of fiscally responsible ideas. Many of these are worthy of additional consideration, and lawmakers in the new Congress should explore bipartisan reforms to improve our broken budget process.”
Further Reading
Budget Basics: Unemployment Insurance Explained
The Unemployment Insurance program is a key counter-cyclical tool to help stabilize the economy and speed recovery during downturns or crises.
Quiz: How Much Do You Know About Healthcare in the United States?
The United States has one of the largest and most complex healthcare systems in the world. Take our healthcare quiz to see how much you know about the cost and quality of the U.S. healthcare system.
The Fed Reduced the Short-Term Rate Again, but Interest Costs Remain High
High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.