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As the nation shifts its attention from the election to the major challenge posed by the upcoming Fiscal Cliff, some of the country's most influential voices on fiscal and economic issues will come together at a forum convened by the Peter G. Peterson Foundation.
The Government Accountability Office recently issued an update in a series of reports detailing the fiscal position of state and local governments.
https://www.pgpf.org/analysis/state-and-local-governments-face-continued-fiscal-pressure
For the third year in a row, Congress did not adopt a budget resolution.
The Peter G. Peterson Foundation was created by Pete Peterson to raise awareness of America’s long-term debt, and how it affects economic growth.
As chairman and chief executive officer of the Peter G. Peterson Foundation, Michael Peterson oversees the strategic direction of the Foundation, guiding policy and shaping strategy for its major initiatives, key partnerships, and long-term objectives.
PGPF asked experts from 5 leading think tanks to draft a memo for the next President & Congress, identifying 3 top priorities for policymakers following the next election cycle.
Peter G. Peterson pens an op-ed in POLITICO about the coming fiscal issues now that Congress and the President have removed the threat of a government shutdown.
https://www.pgpf.org/press-release/op-ed-a-fiscal-deal-or-fiscal-crisis
Interest costs are on track to become the largest category of spending in the federal budget.
https://www.pgpf.org/budget-basics/what-are-interest-costs-on-the-national-debt
The nonpartisan CBO projects that the federal debt would reach 183% of GDP within 25 years.
https://www.pgpf.org/analysis/congressional-budget-offices-2014-long-term-budget-outlook
CBO projects that federal debt will remain at historically high levels over the next decade under current laws and warns that such high levels of debt could harm the economy.
https://www.pgpf.org/analysis/cbo-warns-fiscal-path-is-unsustainable-and-threatens-economic-growth