Foundation to Release Results of “Solutions Initiative III,” Bringing Together Policy Organizations from Across the Political Spectrum to Solve America’s Long-term Fiscal Challenges

Additional participants to include Senator Michael Bennet, House Budget Chair Tom Price, Admiral Mike Mullen, Former White House Chiefs of Staff Joshua Bolten, Andrew Card and William Daley, Alan Greenspan, Michèle Flournoy, Lawrence Lindsey, Richard Fisher, Wendy Kopp, and more

NEW YORK — The Peter G. Peterson Foundation 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.

The economic recovery is finally taking hold and current deficits are down from the record highs of the recession. At the same time, far too many American families are being left out of the recovery, and our nation still faces an unsustainable long-term fiscal outlook. In this context — with progress made, but serious work still to be done — speakers and panelists at the Summit will discuss America’s opportunity to set a path for long-term fiscal sustainability and economic growth.

The Peterson Foundation’s Fiscal Summit assembles voices from across the political and ideological spectrum — including elected officials, business leaders, economic experts, and members of the media — to address the key economic and fiscal issues facing the United States. The 2015 Fiscal Summit: Opportunity for America will focus on the need and the opportunity to strengthen America’s fiscal foundation, in order to build a prosperous and inclusive economy for the next generation.

As a key part of the day’s activities, the Foundation will reveal the results of Solutions Initiative III, a unique research project that brings together individuals from policy organizations across the ideological spectrum to put forth their own comprehensive fiscal solutions. Experts from five leading organizations — the American Action Forum, the American Enterprise Institute, the Bipartisan Policy Center, the Center for American Progress, and the Economic Policy Institute — each developed specific, “scoreable” policy proposals to set the federal budget on a sustainable, long-term path for prosperity and economic growth.

2015 Summit participants will include:

• Senator Michael Bennet (D-CO), Member of Senate Committee on Finance and Committee on Health, Education, Labor and Pensions
• Josh Bivens, Research and Policy Director for the Economic Policy Institute
• Michael R. Bloomberg, CEO of Bloomberg L.P., Former New York City Mayor
• Joshua B. Bolten, Managing Director of Rock Creek Global Advisors LLC, Former White House Chief of Staff under President George W. Bush
• Andrew H. Card, President of Franklin Pierce University, Former White House Chief of Staff under President George W. Bush
• Secretary Julián Castro, Secretary of the U.S. Department of Housing and Urban Development
• William M. Daley, Managing Partner and Head of US Operations of Argentière Capital, Former Secretary of Commerce, Former White House Chief of Staff under President Barack Obama
• Douglas Elmendorf, Former Director of the Congressional Budget Office
• Richard W. Fisher, Former President and CEO of the Federal Reserve Bank of Dallas
• Michèle Flournoy, CEO of the Center for a New American Security, Former Under Secretary of Defense for Policy
• Alan Greenspan, President of Greenspan Associates, LLC, Former Chairman of the Federal Reserve
• Jason Grumet, Founder and President of the Bipartisan Policy Center
• Naomi Hirabayashi, Chief Marketing Officer at DoSomething.org
• Douglas Holtz-Eakin, President of the American Action Forum‎, Former Director of the Congressional Budget Office
• House Democratic Whip Steny Hoyer (D-MD)
• Wendy Kopp, CEO and Co-founder of Teach for All
• Lawrence B. Lindsey, President and CEO of The Lindsey Group, Former National Economic Council Director and Governor of the Federal Reserve System
• House Majority Leader Kevin McCarthy (R-CA)
• Admiral Mike Mullen, USN (Ret.), President of MGM Consulting, LLC, 17th Chairman of the Joint Chiefs of Staff
• Representative Tom Price (R-GA), Chairman of the House Budget Committee
• Neera Tanden, President of the Center for American Progress
• Alan Viard, Resident Scholar at the American Enterprise Institute
• Peter G. Peterson, Founder and Chairman of the Peter G. Peterson Foundation
• Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation

The Summit will also feature an opening video offering perspectives from a range of leaders in business, academia, and government, including:

• Raj Chetty, Professor of Economics at Harvard University
• Ray Dalio, Founder of Bridgewater Associates
• Glenn Hubbard, Dean of the Columbia Business School; Former Chairman of the Council of Economic Advisers under President George W. Bush
• Alice Rivlin, Leonard D. Schaeffer Chair in Health Policy Studies and Director of the Center for Health Policy at the Brookings Institution; Former Director of the Congressional Budget Office
• Lawrence H. Summers, Charles W. Eliot University Professor and President Emeritus at Harvard University; Former Treasury Secretary under President Bill Clinton; Former National Economic Council Director

Moderators and interviewers for the Summit will include:

• Nancy Cordes, Congressional Correspondent, CBS News
• John Harwood, Chief Washington Correspondent, CNBC; Political writer, The New York Times
• Betty Liu, Anchor, Bloomberg TV
• Annie Lowrey, Contributing Editor and Economic Columnist, New York Magazine
• Ruth Marcus, Columnist, The Washington Post
• David Sanger, National Security Correspondent, The New York Times
• David Wessel, Director of the Brookings Institution Hutchins Center on Fiscal and Monetary Policy; Contributing Correspondent, The Wall Street Journal

More information about the Summit is available at: www.fiscalsummit.org.

To request press credentials to attend the Fiscal Summit, please email Kit Longley at KitLongley@rational360.com. Space is limited.

About the Peter G. Peterson Foundation
The Peter G. Peterson Foundation is a nonprofit, nonpartisan organization that 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. To learn more, please visit www.pgpf.org.