Statement from Peterson Foundation Upon Senate Passage of the Bipartisan Budget Act of 2013
Statement from Peterson Foundation Upon Senate Passage of the Bipartisan Budget Act of 2013
NEW YORK — Michael A. Peterson, President and COO of the Peter G. Peterson Foundation, released the following statement today following Senate approval of the Bipartisan Budget Act of 2013:
“This budget deal doesn’t address the real drivers of our long-term debt, but it establishes a foundation for continued bipartisan collaboration. Congress and the President should build on this first step by working together in 2014 on the key fiscal and economic issues we face. Putting our nation on a stable long-term fiscal path is essential to growing our economy now, and providing prosperity and security for future generations of Americans.”
Further Reading
The United States Spends More on Defense than the Next 6 Countries Combined
Defense spending by the United States accounted for nearly 40 percent of military expenditures by countries around the world.
Budget Basics: What Is the Earned Income Tax Credit?
The earned income tax credit (EITC) is a measure administered through the tax code to address poverty.
The Fed Held Its Target Range For the Third Meeting in a Row but Interest Costs Remain High
High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.