Statement from Foundation Chairman, Pete Peterson, on the President's Remarks

"It's encouraging to hear that the President and Congressional leaders will be meeting next week to discuss the urgent fiscal issues facing the country. Since the election, we've heard positive signs that our leaders in Washington are moving toward compromise.

The fiscal cliff represents an important moment of opportunity — the wide consensus against the cliff can be the foundation for agreement on a bipartisan long-term fiscal plan. With the elections over, it's time to get down to work on a comprehensive plan that protects the economy in the short term and stabilizes debt over the long term."