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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.
The Peter G. Peterson Foundation offers grants for organizations to build awareness and develop solutions to our fiscal policy challenges. Apply now.
Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.
Tax reform done right will promote economic growth, increase fairness and simplicity, and improve the nation’s fiscal outlook.
The budgetary and economic effects of proposed tax legislation are a critical element of the debate.