Peter G. Peterson Foundation CEO David M. Walker to Leave to Launch New 'Comeback America' Fiscal Initiative

Sep 17, 2010

Peter G. Peterson Foundation to Support New Fiscal Organization

New York, N.Y. -- The Peter G. Peterson Foundation (PGPF) announced today that President and Chief Executive Officer, David M. Walker, will be leaving the Foundation to launch a new initiative focused on promoting and achieving specific fiscal solutions.  The new organization will be entitled the Comeback America Initiative (CAI).  Walker will serve as the Founder and Chief Executive Officer of CAI, which has received a three-year grant from PGPF and will engage the public and promote fiscal solutions, including those outlined in Walker’s book, Comeback America: Turning the Country Around and Restoring Fiscal Responsibility.

“Dave Walker has been a Paul Revere on the unsustainable fiscal outlook for our country.  He has done a first rate job of getting our Foundation off to a fast start and raising awareness of the critical need for fiscal responsibility.  We look forward to continuing to partner with Dave as he begins this important new initiative,” said Peter G. Peterson, Chairman of the Foundation.

Walker said, “It has been a privilege to work directly with Pete Peterson, and I highly value my relationship and experience with my colleagues at the Peter G. Peterson Foundation.  With a report from the President’s commission to be released in December, the next three years represent a critical time for our country’s fiscal future and I am excited to be able to devote more time and energy into engaging the public regarding my potential specific and action-oriented solutions to our nation’s fiscal challenges.  I look forward to launching the Comeback America Initiative as a means to engage Americans and assist key policymakers in making government more future-focused, results-oriented, responsive, efficient, equitable and sustainable.  I am very grateful to the Peter G. Peterson Foundation for offering the support and resources that will help make the Comeback America Initiative a reality.”

Walker will remain in his current position through October 15 and will work with the Foundation in an advisory capacity until the end of 2010.  He will also continue to serve as a member of the Foundation’s Advisory Board.  Pete Peterson will serve as acting CEO of the Foundation in addition to his role as Chairman.

Prior to his work with the Foundation, Walker served as Comptroller General of the United States for more than nine years, during which he headed the U.S. Government Accountability Office (GAO).

CAI will be based in Fairfield County, CT.

About PGPF

Founded by Peter G. Peterson with a commitment of $1 billion, the Foundation is dedicated to increasing public awareness of the nature and urgency of key fiscal challenges threatening America's future and to accelerating action on them. To address these challenges successfully, we work to bring Americans together to find and implement sensible, long-term solutions that transcend age, party lines and ideological divides in order to achieve real results. For more information, see

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