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Fiscal Confidence Index: January 2015 results

PGPF today released the latest Fiscal Confidence Index survey results for January 2015. January's FCI Value is 52, in line with a continuing negative outlook carried over from 2014.

PGPF President & COO Michael A. Peterson commented on the new FCI results:

"As yesterday’s CBO report shows, our nation’s long-term fiscal challenges remain. Despite recent improvements, CBO projects that deficits will begin rising again in just 2 years. Soon thereafter, the fundamental drivers of debt, including our aging population and rising healthcare costs, will lead to much more rapid increases in our long-term debt. Voters understand getting our fiscal house in order is necessary to ensure a growing and prosperous economic future."

See the full results for January, and read this month's press release which includes the survey questions and polling response breakdowns.

 

 

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Jan. 2015 CBO Budget and Economic Outlook: analysis

Today PGPF released its analysis of the new Congressional Budget Office (CBO) "Budget and Economic Outlook" report. Among the conclusions: recent drops in the federal budget deficits will be short-lived, and the long-term national debt still needs to be addressed sooner rather than later.

Click here for the full analysis, which includes program breakdowns with charts. The Foundation also released an official statement on the CBO Outlook.

 

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Michael A. Peterson on CBO's Budget and Economic Outlook

Michael A. Peterson, PGPF President and COO, today released an official Foundation statement on the Congressional Budget Office's new Budget and Economic Outlook for fiscal years 2015-2025. The following is an excerpt:

"Today's CBO report reminds us once again that our nation has significant fiscal challenges that have yet to be solved. In fact, despite recent improvements, CBO projects that deficits will begin rising again in just 2 years. Soon thereafter, the fundamental drivers of debt, including our aging population and rising healthcare costs, will lead to much more rapid increases in our long-term debt. Interest costs alone are on track to rise to $5.6 trillion over the next 10 years, becoming the third largest federal 'program' and threatening to crowd out critical investments in our economic future. We can't let our future be diminished by our past."

For the full statement, including information directly from the CBO Outlook, click here. For more of PGPF's statements and press releases, click here.

 

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Michael A. Peterson on the 2015 State of the Union Address

 

Michael A. Peterson, PGPF President and COO, has just released an official Foundation statement on the President's annual State of the Union Address. Below is an excerpt:

"Tonight, the President highlighted the positive news that the economy is accelerating its recovery, and that current deficits are lower than they used to be. Unfortunately, however, this near-term fiscal improvement will be short lived. Our long-term fiscal outlook has not fundamentally changed, as we remain on a dangerous and unsustainable path that threatens our economy."

Click here for the full statement, which includes supplemental information about America's long-term fiscal condition. For more of PGPF's statements and press releases, click here.

 

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January 2015 PGPF Chart Pack

New charts for a new year: PGPF has released its updated Chart Pack for January 2015, Selected Charts on the Long-Term Fiscal Challenges of the United States. Download the Pack in PDF format and visit the PGPF Charts Archive to browse all of the Foundation's originally-researched charts, graphs, and tables. (Feel free to use/reproduce, with attribution to "Peter G. Peterson Foundation" along with the pgpf.org hyperlink.)

The PGPF Chart Pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues. In this set of 22 charts, the Foundation frames the financial condition and fiscal outlook of the U.S. government within a broad economic, political, and demographic context.

 
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PGPF analysis: New Year, New Congress, and a New Chance

With 2015 in full swing, and the 114th Congress officially sworn in, there is a fresh opportunity for lawmakers to address our nation's long-term fiscal and economic challenges. The "lame duck" session at the end of 2014 addressed a number of notable policy items — including avoiding a government shutdown and agreeing on a temporary extension of tax provisions. But the 113th Congress left unaddressed many critical issues. The new year and new Congress represent a new opportunity to address our long-term fiscal challenges and strengthen our economy.

PGPF has released a new analysis, "New Year, New Congress, and a New Chance to Strengthen our Fiscal and Economic Future", examining these upcoming fiscal and economic items. The report includes upcoming funding deadlines on the Department of Homeland Security, the debt ceiling, and the Highway Trust Fund, and why Congress needs a comprehensive plan to address these and other issues.

Click here to read the full analysis.

 

 

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Fiscal Confidence Index: December 2014 results

PGPF today released the latest Fiscal Confidence Index survey results for December 2014. December's FCI Value is 43, reflecting voters’ ongoing concern about America’s fiscal future. Consistently low sentiment toward the national debt has been a theme during 2014, as the FCI has ranged between 41 and 49 over the last 12 months.

PGPF President & COO Michael A. Peterson commented on the new FCI results:

"Despite the recent improvement in short-term deficits, Americans fully understand that our Nation’s long-term fiscal challenges remain. Looking ahead to 2015 and a new Congress, voters are calling for renewed focus in Washington on addressing our long-term fiscal and economic challenges. As Washington gets to work in January, Americans expect their leaders to stabilize the debt in order to lay the fiscal foundation necessary for a growing and prosperous economy, now and in the future."

See the full results for December, and read this month's press release which includes the survey questions and polling response breakdowns.

 

 

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POLITICO Morning Money Breakfast Briefing with White House NEC Director Jeff Zients

Breakfast Briefing

Join PGPF and Ben White from POLITICO's Morning Money on Thursday, December 18 (tomorrow) at 8AM ET for a new Breakfast Briefing interview. White will be speaking with Jeff Zients, White House National Economic Council Director, for a discussion on economic policy and the Administration's economic agenda.

Visit PGPF's Breakfast Briefing page for more information and to watch the live webcast tomorrow morning, as well as archived video after the event. You can also follow their discussion on Twitter via @POLITICOEvents and tweet questions using hashtag #MorningMoney.

 

 

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Peterson Center on Healthcare: challenges and opportunities

At a total spend of nearly $3 trillion, the U.S. healthcare system costs over twice as much per capita compared to other developed economies. Yet health outcomes and patient results are typically no better for Americans.

The Peterson Center on Healthcare recognizes the challenges and opportunities in the sector, and is committed to finding innovative solutions that will transform American healthcare into a high performing system that provides higher quality care at a lower cost. Learn more about the Center and its mission here.

 

 

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Applications open for the PGPF Fiscal Internship Program

Applications are now being accepted for the annual PGPF Fiscal Internship Program in Washington, DC. This summer program will run from June 1, 2015 through August 7, 2015. Internship positions are paid and full-time. This internship is ideal for upper-level college and graduate students with:

  • An academic background in economics, political science, public policy, public administration, or a related field
  • A demonstrated interest in fiscal and economic policy
  • An open mind and willingness to engage with those who share different opinions and beliefs
  • A natural curiosity for learning new things
  • A desire to live and work independently in Washington D.C.

Public policy institutions participating in the 2015 Fiscal Internship program included Bipartisan Policy Center, Brookings Institution, Economic Policy Institute, Kaiser Family Foundation, and Urban Institute/Tax Policy Center.

Learn more about the Fiscal Internship program and click here to apply!

 

 

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