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The Peter G. Peterson Foundation joins with POLITICO to present a series of Morning Money Breakfast Briefings, hosted by POLITICO's Chief Economic Correspondent, Ben White.
In January 2013, a series of tax increases and spending cuts are slated to go into effect automatically and all at once. Many are calling this major fiscal policy shift the "Fiscal Cliff." If all of the changes are allowed to proceed, future budget deficits would be substantially reduced. However, the nonpartisan Congressional Budget Office has forecast that the economy would be thrown into recession in 2013 — an outcome that threatens our still-fragile economic recovery.
Highlighting state-level efforts to solve structural deficit problems. While most discussions on America's fiscal policy focus on the federal level, state governments also face daunting budget challenges.
Learn about what types of initiatives and programs are eligible for grants from the Peter G. Peterson Foundation.
What is a balanced budget amendment to the Constitution, and how would it work in practice?
The Peter G. Peterson Foundation offers grants for organizations to build awareness and develop solutions to our fiscal policy challenges. Apply now.
By focusing fiscal policymaking more squarely on the long term and providing better tools to help enforce budget agreements over time, budget process reform could encourage long-term fiscal sustainability.
By making smart, strategic decisions about future national security requirements policymakers can ensure that our military is strong and that we are prepared to defend our nation from threats while also avoiding potential waste of precious national resources
Policy leaders and experts across the political spectrum have put forward a number of comprehensive plans to reduce America’s long-term debt and lay a strong foundation for future economic growth.