Statement from Foundation Chairman, Pete Peterson, on House Speaker Boehner’s Comments

FOR RELEASE

Nov 7, 2012

CONTACT


Peter G. Peterson Foundation [email protected]

“We applaud Speaker Boehner’s statement that congressional Republicans are willing to accept new revenues as part of a comprehensive fiscal plan. We are also pleased that President Obama has reached out to congressional leaders on both sides of the aisle. These are encouraging signs that the President and Congress may be moving toward compromise.

There is widespread agreement across the ideological spectrum about the dangers posed by the fiscal cliff, which looms just 54 days away. Our elected leaders should turn the fiscal cliff into a key moment of opportunity to bring the nation together to solve our long-term fiscal challenges.”

Further Reading

Spending on Veterans in the Budget

Federal spending for veterans has increased relatively sharply in the past two decades as scores of veterans returned home from extended wars in Iraq and Afghanistan.

U.S. Capitol Building

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.