Statement from Peterson Foundation on Proposed Budget Deal
Statement from Peterson Foundation on Proposed Budget Deal
NEW YORK — Michael A. Peterson, President and COO of the Peter G. Peterson Foundation, released the following statement this evening as the budget conference committee reached a bipartisan budget agreement:
“This bipartisan deal looks like a good step, but it doesn’t address the real drivers of our long-term debt. We should all welcome our lawmakers coming together on a budget agreement that would end the recent cycle of governing by crisis. But make no mistake — we still have a lot more to do to put our nation on a sustainable fiscal path. I’m hopeful that this agreement will lay the foundation for future bipartisan collaboration to stabilize our national debt for the long term.”
Further Reading
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A fiscal commission would provide the space and structure for lawmakers to comprehensively review the entire budget and improve the fiscal path of the U.S.
Senators We Elect in 2026 Will Have to Deal with Automatic Social Security Cuts
Without congressional action within the next six years, millions of Social Security recipients will face an automatic benefit cut of approximately 22 percent.
What Is Stagflation, and How Would It Affect the National Debt?
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