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Peterson Foundation Chairman Pete Peterson was featured in the new Winter 2014 issue of Philanthropy magazine, out today.
https://www.pgpf.org/blog/pete-peterson-philanthropy-magazine
Although this spending bill, along with the Bipartisan Budget Act of 2013, ends the cycle of lurching from crisis to crisis, it does not address the long-term fiscal challenges facing our nation.
https://www.pgpf.org/analysis/top-five-takeaways-%E2%80%94-consolidated-appropriations-act-of-2014
Though the economy continues its recovery and we have made some progress on deficits, our deficits will begin growing again soon, and major long-term fiscal challenges remain.
The Peterson Institute for International Economics just released a new collection of papers by independent economists exploring the consequences of sustained U.S. fiscal uncertainty on the national and global economy.
https://www.pgpf.org/blog/flirting-default-new-report-peterson-institute-international-economics
Recent news stories have highlighted the good news that very near-term deficits are decreasing. That good news, unfortunately, will be short-lived.
https://www.pgpf.org/blog/2014/02/good-news-about-improving-deficits-will-be-short-lived
The President released his annual budget today, outlining the Administration's policy proposals, budgetary projections, and economic forecasts for 2015 through 2024.
https://www.pgpf.org/analysis/analysis-of-the-presidents-fiscal-year-2015-budget
A new report, prepared by the Center for Strategic and International Studies with support from the Peter G. Peterson Foundation, examines pension reform efforts in developed countries across the globe.
https://www.pgpf.org/blog/new-report-csis-lessons-abroad-us-entitlement-debate
The two proposals present distinct visions of the role of the federal government in our economy.
https://www.pgpf.org/analysis/fy-2015-budgets-comparing-chairman-ryans-and-the-presidents-proposals
All three budget plans achieve deficit reduction within the 10-year window relative to current law, though they make different choices on revenues and spending levels for particular programs and achieve different results.
Each year, through the budget process, the President and Congress have the opportunity to set priorities for the federal government, determining how much should be spent through appropriations for annually-funded programs, known as discretionary spending, and providing the opportunity to review entitlement programs and the tax code.
https://www.pgpf.org/budget-basics/federal-budget-process-a-primer