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The Peter G. Peterson Foundation is a non-partisan, non-profit organization focused on building a brighter economic future for all Americans. Browse news from the Foundation, and read about our upcoming events.

Panetta: U.S. Headed for a “Death Spiral” of Deficits and Debt Unless Lawmakers Act

Unless Congress can set aside partisanship and address our nation’s fiscal challenges, the growing national debt will “seriously jeopardize and undermine the American economy,” according to former Secretary of Defense Leon Panetta.

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July 12, 2018
Budget Explainer: Medicare

Medicare is an essential health insurance program serving millions of Americans, and a major part of the federal budget and our fiscal outlook.

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July 10, 2018
How Does Social Security Work?

Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.

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July 10, 2018
Trustees: Funding Challenges Threaten Medicare’s Future

Medicare faces significant financial challenges in future years because of rising healthcare spending and an aging population.

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July 9, 2018
Trustees Warn: Social Security’s Total Costs to Exceed Income for First Time Since 1982

The report projects that in 2018 — for the first time since 1982 — the program’s total costs will exceed its total income.

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July 9, 2018
CBO Warns: Historic Debt Levels Threaten Economy

Federal debt is already at its highest level as a percentage of GDP since 1950 and would exceed its all-time high by 2034 under current law.

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July 6, 2018
Fiscal Confidence Index Results for June 2018; FCI Value: 55

“Voters are making the connection between recent tax and spending legislation and our rapidly growing national debt and deficits,” said Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation.

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June 28, 2018
The Highway Trust Fund Explained

Although the need for serious, long-term changes to the funding structure of the Highway Trust Fund is clear, there is disagreement over the approach to do so.

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June 27, 2018
Four Key Takeaways from the CBO 2018 Long-Term Outlook

Federal debt is already at its highest level since 1950 and is projected to climb to 152 percent of GDP under current law by 2048 — by far an all-time high.

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June 26, 2018
What is PAYGO?

PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.

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June 26, 2018
CBO Report Should Motivate Lawmakers to Take Action on Debt

“CBO’s report is filled with sobering projections that should be an urgent wakeup call for the Administration and Congress," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

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June 26, 2018
CBO: Percent of Uninsured Rose Last Year for the First Time Since 2010

CBO estimates that in 2017 the number of uninsured people under age 65 rose by 1 million people and they anticipate the total to rise by another million people this year.

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June 22, 2018
CBO: President’s Budget Fails to Put Nation on Fiscally Sustainable Path

CBO’s estimate of the cumulative deficit over the next 10 years totals $2.3 trillion more than the Administration had estimated.

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June 18, 2018
10 Largest Budget Functions

Here are the top ten spending categories for the federal budget.

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June 7, 2018
Analyses: Social Security and Medicare Trustees Reports

Every year the Social Security and Medicare Boards of Trustees issue reports on the fiscal health of the country’s two largest entitlement programs, Social Security and Medicare.

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June 6, 2018
Trustees Reports Show Social Security, Medicare on Path to Insolvency

“These reports drive home the urgent need to ensure that the critical Medicare and Social Security programs are sustainable into the future," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

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June 5, 2018
Fiscal Confidence Index Results for May 2018; FCI Value: 51

“Voters continue to be concerned about our rising national debt, and rightly so,” said Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation.

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May 30, 2018
CBO Analysis Shows President Trump’s Budget Fails to Stabilize National Debt

“We’re clearly heading in the wrong direction, and it’s unfortunate that our leaders are not putting forward credible plans to improve our fiscal foundation," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

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May 24, 2018
Up to Us: Engaging the Next Generation

Michael Peterson recognized this year’s winning team from State University Of New York at Old Westbury.

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May 11, 2018
2018 Fiscal Summit Opening Remarks

Peter G. Peterson Foundation President and CEO Michael A. Peterson addresses the nation's fiscal challenges.

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May 11, 2018
Congressional Leaders: Debt Matters to America's Economic Future, Senator Jeff Flake

In these one-on-one interviews, House and Senate leaders provided perspectives on our nation’s fiscal outlook and policies to ensure sustained economic growth.

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May 11, 2018
US 2050: What Will America Look Like at Mid-Century?

Members of US 2050’s Advisory Committee joined together for a discussion, led by David Wessel, on these interconnected trends and the importance of understanding where we’re headed in order to make better policy choices today.

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May 11, 2018
Carbon Tax: Potential for a New Fiscal Solution

This panel brought together leading experts to explore the potential for a well-designed carbon tax to help put our nation on a more sustainable fiscal path.

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May 11, 2018
A Conversation with Former Secretary of Energy, Dr. Ernest Moniz

There is a critical connection between America’s fiscal outlook, energy security and role in the world. Dr. Moniz, a nuclear physicist who served as the thirtieth United States Secretary of Energy, brings a unique understanding of these interrelated challenges and trends.

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May 11, 2018
Dangers of Debt: How our Fiscal Outlook Threatens the Economy

This panel will bring together voices from the private sector and academia to analyze the threats posed by America’s rapidly rising national debt and discuss fiscal solutions to put us on a better path.

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May 11, 2018
Problem Solvers Caucus: Identifying Areas of Common Ground

Rep. Tom Reed (R-NY) and Rep. Derek Kilmer (D-WA) appeared together on stage to discuss the political challenges in reaching across the aisle, as well as the opportunity that exists for collaboration and compromise to make progress in critical policy areas.

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May 11, 2018
Congressional Leaders: Debt Matters to America's Economic Future, Senator David Perdue

In these one-on-one interviews, House and Senate leaders provided perspectives on our nation’s fiscal outlook and policies to ensure sustained economic growth.

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May 11, 2018
Congressional Leaders: Debt Matters to America's Economic Future, House Democratic Leader Nancy Pelosi

In these one-on-one interviews, House and Senate leaders will provide perspectives on our nation’s fiscal outlook and policies to ensure sustained economic growth.

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May 11, 2018
2018 Fiscal Summit Press Release

“Debt matters because our fiscal irresponsibility threatens the economic future of every American,” said Michael Peterson, Chairman and CEO of the Peter G. Peterson Foundation.

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May 10, 2018
2018 Up to Us Winner: State University Of New York at Old Westbury

The team will receive a $10,000 cash prize and meet with legislators on Capitol Hill to share their concerns about America’s looming fiscal challenges.

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May 8, 2018
2018 Fiscal Summit Media Advisory

As campaigns for the 2018 midterm elections get underway within a rapidly changing policy environment, America’s unsustainable fiscal condition remains a transcendent threat to our collective future.

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May 1, 2018
Infographic: How Does the National Debt Affect the Economy?

A strong fiscal outlook is an essential foundation for a growing, thriving economy.

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April 24, 2018
Fiscal Confidence Index Results for April 2018; FCI Value: 47

After the national debt eclipsed $21 trillion for the first time in March, voters remain deeply troubled by the country’s fiscal situation.

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April 24, 2018
The Two Reasons Long-Term Economic Growth Will Slow, and Why the Boost from Tax Cuts is Only Temporary

While the Tax Cuts and Jobs Act of 2017 will likely boost economic growth in the near term, the effects of the legislation are temporary.

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April 23, 2018
A Look at the Foreign-Born Labor Force in the United States

Understanding the United States’ changing labor force can be a key part of understanding larger trends in the overall economy. Here are key characteristics of the foreign-born population and how they compare to the native-born population.

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April 23, 2018
President Trump’s Infrastructure Plan: A Closer Look

Economists generally agree that public investment in infrastructure has a positive effect on productivity, and therefore on gross domestic product.

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April 23, 2018
CBO: Income Inequality Continues to Rise

The concentration of income toward high earners has become more pronounced over the last 36 years.

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April 18, 2018
Statement on Budget Process Reform Principles as Joint Select Committee Holds First Hearing

“Our country is on an unsustainable fiscal path, and reforming our broken budget process can be an important part of improving our fiscal future," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

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April 17, 2018
CBO Report Outlines Dramatically Worse Fiscal Outlook

CBO projects that, on our current path, the deficit will reach nearly $1 trillion next year and will total $12.4 trillion over the ten-year period from 2019–2028.

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April 13, 2018
A Return to Trillion Dollar Deficits

CBO reports that the fiscal outlook is dramatically worse than it was last year, primarily due to the fiscally irresponsible tax legislation and budget deal that were enacted within the past few months.

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April 9, 2018
CBO 10-year Outlook: Report Shows Real Damage Done to Fiscal Outlook

“Today’s CBO report confirms that major damage was done to our fiscal outlook in just the past few months," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

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April 9, 2018
The National Debt Grew by $1 Trillion in Just Six Months

On March 15, 2018 the federal government passed an unfortunate milestone: $21 trillion dollars in gross federal debt.

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April 3, 2018
Budget Basics: Who Pays Taxes?

The fairness of our federal tax system is a hotly debated issue.

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March 29, 2018
How Much Is the National Debt? What are the Different Measures Used?

There are three widely used measures of federal debt. What are the important differences between these measurements?

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March 29, 2018
How Tax Cuts Are Affecting Revenues and Rates

The Tax Cuts and Jobs Act will lower revenues significantly and made changes to both tax rates and bracket widths.

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March 29, 2018
Budget Process Reform: What Are Budget Caps?

There are separate limits on the amount of funding that can be provided for defense and nondefense purposes through the appropriation process.

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March 27, 2018
Statement on Passing of Peter G. Peterson

We are deeply saddened by the loss of our Founder and Chairman, Peter G. Peterson, who worked tirelessly to secure the American Dream for future generations.

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March 20, 2018
Infographic: What Is the Debt Limit?

Increasing the debt limit allows the Treasury to borrow funds to pay for government obligations that have already been incurred as the result of laws and budgets approved by the President and Congress.

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March 19, 2018
Peterson Foundation on National Debt Surpassing $21T

“Our mounting debt threatens economic growth, reduces our flexibility to deal with future crises, and diminishes America’s role in the world.," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

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March 16, 2018
Peterson Foundation Statement on Initial Meeting of New Joint Select Committee on Budget Process

“This committee has an important opportunity to improve the budget process in a way that will help encourage fiscally responsible policymaking," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

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March 8, 2018
Who Will Be Affected By Medicaid Work Requirements?

Proposed work requirements would be a major change in the way that Medicaid works, and would have important implications for the program, its beneficiaries, and the federal budget.

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March 1, 2018
Analysis: The President’s FY 2019 Budget Fails to Put Us on Responsible Fiscal Path

The President’s budget reflects a dramatically worse fiscal outlook than last year’s version released just nine months ago. 

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February 27, 2018
Fiscal Confidence Index Results for February 2018; FCI Value: 46

Americans’ fiscal confidence is at its lowest point since August 2015, according to the Peter G. Peterson Foundation’s February Fiscal Confidence Index.

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February 27, 2018
How Much Government Spending Goes to Children?

Spending on children is shrinking as a percent of GDP.

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February 23, 2018
What is a Continuing Resolution?

A continuing resolution is a temporary funding measure that Congress can use to fund the federal government for a limited amount of time.

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February 16, 2018
Peterson Foundation Statement on President’s Budget

“Today’s budget represents a dramatically worse outlook than what was released just last May," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

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February 12, 2018
Peterson Foundation Statement on Budget Deal

“After adding trillions to our national debt in last year’s irresponsible tax bill, our leaders are now adding another $300 billion in deficits over just the next two years," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

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February 7, 2018
Higher Interest Rates and the National Debt

Higher short- and long-term Treasury rates mean that the federal government’s borrowing costs will also rise, thereby generating significant consequences for the budget and the national debt.

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February 1, 2018
Peterson Foundation Statement on State of the Union Address

“In order to truly help our economy, infrastructure investments must be paid for, because adding more debt hurts our economy," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

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January 30, 2018
January FCI Results: As President Prepares Annual Address, Americans Remain Deeply Concerned About the Nation’s Fiscal Outlook

Voters call on President to reduce national debt, avoid government shutdowns, according to the Peter G. Peterson Foundation’s January Fiscal Confidence Index.

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January 29, 2018
Fiscal Confidence Index Results for January 2018; FCI Value: 51

The survey finds that voters across party lines are calling for the President to put forward plans to reduce the national debt.

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January 29, 2018
Income and Wealth in the United States: An Overview of the Latest Data

Income levels for Americans vary across geography, race, and gender.

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January 24, 2018
Three Key Things to Know about CHIP

What is the Children’s Health Insurance Program? How it is financed? Who benefits from it?

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January 23, 2018
Peterson Foundation Statement on End to Government Shutdown

“Piecemeal budgeting is a form of fiscal irresponsibility because it injects uncertainty and unpredictability into our economy," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.

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January 22, 2018
Infographic: Long-Term Debt and Its Drivers

Putting our nation on a sustainable fiscal path creates a positive environment for growth, opportunity, and prosperity. Unfortunately, America is on a dangerous long-term fiscal path.

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January 11, 2018
Fiscal Confidence Index Results for December 2017; FCI Value: 51

As 2018 begins, Americans remain deeply concerned about the national debt.

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January 3, 2018
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A Guide to Complex Budget Processes

Understanding what’s happening on Capitol Hill requires an understanding of the Congressional budget process.

FISCAL ISSUES ILLUSTRATED

This series of infographics helps put some of today's most pressing fiscal debates in context.