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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.

Blog Posts
Do Voters Care about the National Debt? The Polls Say They Do

Heading into 2020, the vast majority of Americans are urging leaders in Washington to address the unsustainable national debt and budget deficit.

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February 20, 2020
Analysis
President's Budget Again Relies on Optimistic Economic Projections and Unlikely Spending Cuts

Following the pattern of previous years, this budget largely relies on very optimistic projections of economic growth and unlikely budget cuts to reduce the deficit.

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February 14, 2020
Explainers
Budget Basics: The National Flood Insurance Program

The National Flood Insurance Program (NFIP) is run by the federal government to reduce the impact of flooding on private and public structures.

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February 12, 2020
Blog Posts
Fed Chair Powell Encourages Congress to Address Rising Debt before Next Downturn

Powell noted that the current economic expansion is the longest on record and emphasized the need to consider the long-term implications of fiscal policy.

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February 11, 2020
Blog Posts
The President's Budget Proposes Large Spending Cuts, but Leaves Debt at High Levels

Today, President Trump released his fourth budget, which outlines the administration’s policy proposals, budget projections, and economic forecast for the next decade.

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February 10, 2020
Press Releases & Statements
Peterson Foundation Statement on President’s Budget Proposal

“Today’s budget proposal relies on optimistic projections for economic growth and unlikely budget cuts to illustrate deficit reduction,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.

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February 10, 2020
Blog Posts
Economists Agree: The National Debt is a Long-Term Concern for America

Although a range of views exists about optimal near-term fiscal policy, economists agree that America’s mounting debt presents significant challenges for our budget and the economy, particularly over the long term.

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February 7, 2020
Analysis
CBO Report Highlights America’s Unsustainable — and Deteriorating — Fiscal Outlook

The latest report from the non-partisan Congressional Budget Office (CBO) reiterates that the federal budget is on an unsustainable trajectory.

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February 6, 2020
Press Releases & Statements
Peterson Foundation Statement Ahead of President’s State of the Union Address

“By any measure, the state of the Union’s fiscal outlook is unsustainable, and getting worse,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.

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February 4, 2020
Blog Posts
Economic Growth Was Weaker in 2019 than in 2018

Growth in 2019 was lower than the 2.9 percent growth in 2018. Key factors contributing to this drop include a significant slowing in the growth of nonresidential investment and, to a slightly lesser degree, slower growth in the consumption of goods and services.

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January 31, 2020
Press Releases & Statements
As America Enters Era of Trillion-Dollar Deficits, Voters Want Action on the Debt

“As the 2020 election begins, Americans are looking for leadership and solutions to our growing debt problem,” said Michael A. Peterson, CEO of the Peterson Foundation.

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January 31, 2020
Blog Posts
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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January 30, 2020
Blog Posts
Five Troubling Takeaways from the Latest CBO Report

As voting begins for the 2020 election season, the majority of Americans believe that addressing the national debt is a crucial issue that warrants action from policymakers.

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January 28, 2020
Press Releases & Statements
Peterson Statement on CBO Report: Ten Straight Years of Trillion-Dollar Deficits

“Today’s CBO report shows ten straight years of trillion-dollar deficits. That’s a sad reflection of our nation’s poor fiscal health, and it adds insult to injury that we’re piling on all this debt in a growing economy,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.

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January 28, 2020
Blog Posts
What is a Wealth Tax, and Should the United States Have One?

A wealth tax would impose a levy on assets owned by an individual or household — as opposed to, for example, an income tax.

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January 17, 2020
Blog Posts
Decade in Review: Looking Back at CBO Projections Then and Now

As one decade ends and another begins, there’s no question that our fiscal outlook is daunting. But as we mark this milestone, it’s also helpful to take a closer look at projections from 10 years ago to assess how decisions by lawmakers and other factors have contributed to our fiscal outlook.

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January 7, 2020
Press Releases & Statements
Voters Concerned about Fiscal Irresponsibility in Washington as Lawmakers Add Red Ink

“As another unfortunate year of fiscal irresponsibility comes to a close, voters are sending a clear message to Washington that they want fiscal leadership,” said Michael A. Peterson, CEO of the Peterson Foundation.

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January 7, 2020
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