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Highway Trust Fund: more stop-and-go financing

In the wake of last week's short-term funding measure by Congress for the federal Highway Trust Fund (HTF), PGPF has released "More Stop-and-Go Financing of Highway Trust Fund," a new budget explainer on the issue. Established in 1956, the HTF faces recurring funding shortfalls due to the imbalance between the Fund’s revenues and spending. The lack of agreement on a structural fix for financing highways and mass transit creates periodic funding crises for the program, which puts the entire U.S. infrastructure system at risk.

What are the options for creating long-term stability for the HTF and the transportation projects it supports, and what are the next steps after Congress' latest action? Click here to learn more.

 

 

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Fiscal Confidence Index: May 2015 results

PGPF today released the latest results from its Fiscal Confidence Index survey. The FCI Value for May 2015 is 47 (100 is neutral), indicating that even as the economy improves, voters continue to be concerned about the country’s fiscal outlook and the level of attention that policymakers are giving to America's key fiscal challenges.

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

"Voters understand that a strong fiscal foundation is essential to creating a thriving economy with greater opportunity. As the economy gains strength, policymakers have more flexibility and options at their disposal, and a majority of voters are calling for their leaders to get our nation’s fiscal house in order."

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

 

 

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Watch the 2015 Fiscal Summit: Opportunity for America

The 2015 Fiscal Summit: Opportunity for America convenes today, starting at 8AM ET. PGPF's sixth annual Fiscal Summit will bring together leading experts and policymakers to explore the economic and fiscal opportunity in America at this key transitional moment.

Watch the day's proceeding live at fiscalsummit.org. Learn more about the 2015 Summit participants including Michael Bloomberg, HUD Secretary Julián Castro, former CBO Director Douglas Elmendorf, and Congressman Steny Hoyer (D-MD).

 

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PGPF presents Solutions Initiative III

In the third iteration of its Solutions Initiative, the Peterson Foundation once again convened policy organizations from across the ideological spectrum to put forward comprehensive plans to improve America’s unsustainable fiscal outlook in the decades ahead.

Experts from five leading think tanks — the American Action Forum, the American Enterprise Institute, the Bipartisan Policy Center, the Center for American Progress, and the Economic Policy Institute — developed specific, "scoreable" policy proposals to set the federal budget on a sustainable, long-term path for prosperity and economic growth. The groups then recommended their top policy priorities for congressional policymakers and the incoming presidential administration. These proposals are being presented as part of the 2015 Fiscal Summit: Opportunity for America.

Read the press release, and click here for the full Solutions Initiative III report and more information.

 

 

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May 2015 PGPF Chart Pack: Fiscal Summit edition

In conjunction with tomorrow's 2015 Fiscal Summit: Opportunity for America, PGPF has released its new Chart Pack update for May. 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 charts, we aim to frame the financial condition and fiscal outlook of the U.S. government within a broad economic, political, and demographic context.

Be sure to watch the live webcast and video highlights of the 2015 Fiscal Summit: Opportunity for America tomorrow, Tuesday May 19th, starting at 8AM ET. Charts from the Chart Pack will be featured throughout the day's events.

 
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PGPF analysis: comparing FY2016 Congressional and Presidential budgets

This week, the House and Senate completed a Congressional budget resolution for the first time in six years. Earlier this year, the President released his own budget proposal that outlined markedly different goals for the Fiscal Year 2016 Federal budget.

PGPF has prepared a new analysis and charts comparing the proposals and priorities of each budget. This comparative analysis features seven charts, including the one above, that illustrate the key differences between the plans.

The President and Congress must reach a compromise that reconciles their disagreements before September 30, or else they will risk a partial government shutdown. Congress and the Administration should use the budget process to work together to propose comprehensive bipartisan fiscal reforms that address our fiscal challenges and improve our economy for the long term.

 

 

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2015 Fiscal Summit: media advisory

PGPF will convene the 2015 Fiscal Summit: Opportunity for America on Tuesday, May 19, 2015, at the Andrew W. Mellon Auditorium in Washington, DC. The Foundation's sixth-annual Fiscal Summit will bring together leading experts and policymakers to explore the economic and fiscal opportunity in America at this key transitional moment.

Click here for this year's Fiscal Summit media advisory. Visit fiscalsummit.org for more information about the Summit, including details on the 2015 participants including Michael Bloomberg, HUD Secretary Julián Castro, former CBO Director Douglas Elmendorf, and Congressman Steny Hoyer (D-MD).

 

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May 2015 PGPF Chart Pack

PGPF has released the May 2015 update for its Chart Pack, 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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Fiscal Confidence Index: April 2015 results

The latest Fiscal Confidence Index survey results for April 2015 have been released. This month's FCI Value is 47, indicating voters’ continuing concern over Washington’s ability and willingness to address the national debt and other fiscal challenges.

Comments from Peterson Foundation President & CEO Michael A. Peterson on April's FCI results:

"Voters understand that the country’s fiscal health is critical to building a strong, thriving economy. It's clear that voters remain concerned about the nation's long-term fiscal challenges, and are calling for Washington to take on these issues."

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

 

 

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Michael A. Peterson on the speech by NJ Governor Chris Christie in New Hampshire

Michael A. Peterson, PGPF President and CEO, released an official Foundation statement today following a speech at the New Hampshire Institute of Politics by New Jersey Governor Chris Christie:

"The 2016 election represents an important opportunity for a national conversation on how to address America's unsustainable fiscal outlook. Governor Christie should be commended for beginning this discussion, and offering a range of specific reform proposals. There are many policy options that exist, and candidates who may disagree with Governor Christie’s policy ideas should put forth their solutions to our nation’s undeniable and dangerous long-term debt problem."

For the full statement, click here. For more of PGPF's statements and press releases, click here.

 

 

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