Statements on News Reports on White House and Congress Discussions
Peter G. Peterson releases a statement on news reports on White House and Congress discussions.
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Peter G. Peterson releases a statement on news reports on White House and Congress discussions.
The Peter G. Peterson Foundation on the Congressional Budget Office outlook.
The U.S. spent $187 billion on interest payments alone in 2009.
Sequestration is a process that cuts federal spending through across-the-board reductions.
https://www.pgpf.org/budget-basics/what-you-should-know-about-the-sequester
According to the report, reaching primary balance would require a reduction of $255 billion in the projected deficit in 2015.
https://www.pgpf.org/analysis/cap-shows-what-it-might-take-to-balance-the-budget
Medicare is a large share of the budget, and it is projected to grow.
https://www.pgpf.org/analysis/urgent-action-needed-to-shore-up-medicare-program
Peter G. Peterson gives a statement on his participation in The Giving Pledge.
https://www.pgpf.org/press-release/peter-g-peterson-on-his-participation-in-the-giving-pledge
Although the President's budget would make progress by reducing deficits and stabilizing the debt over the next ten years, federal debt would remain high by historical standards.
https://www.pgpf.org/analysis/summary-of-cbos-analysis-of-the-presidents-budget-for-fiscal-year-2014
Under the current policy scenario, the federal government is projected to run permanent primary spending deficits.
https://www.pgpf.org/analysis/government-accountability-office-fall-2012-budget-outlook
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For more information about America’s fiscal challenge and potential solutions, visit the Peter G. Peterson Foundation at www.pgpf.org. The following websites also provide a wealth of information on the U.S. budget and various policy areas.
https://www.pgpf.org/budget-basics/state-of-the-unions-finances/learn-more