Michael A. Peterson, President and COO of the Peter G. Peterson Foundation, commented today following the release of budget results for fiscal year 2014 by Treasury Secretary Jacob Lew and Office of Management and Budget Director Shaun Donovan:
"Today’s report confirming that current deficits have improved is good news, and presents an opportunity for policymakers to address our still dangerous long-term fiscal outlook. As the country thankfully moves beyond the Great Recession and a damaging series of self-inflicted fiscal crises, it is time for lawmakers to work together on a comprehensive plan to stabilize the debt over the long term, which will boost economic confidence and help continue the recovery."
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