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The latest OMB report marks the first time that the administration has acknowledged that deficits will surpass $1 trillion in the near term.
https://www.pgpf.org/blog/2018/07/trump-administration-acknowledges-trillion-dollar-deficits
Unless addressed soon, the growing national debt will "seriously jeopardize and undermine the American economy," said former Secretary of Defense Leon Panetta.
Following the 2018 midterm elections, a vast majority of voters across party lines want President Donald Trump and the new Congress to focus on America’s fiscal outlook.
https://www.pgpf.org/press-release/2018/11/fci-press-release
"The Senate has squandered an opportunity to pass fiscally responsible tax reform," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
While a 10-year window is currently the standard, the number of years covered by budget resolutions has varied.
As CBO celebrates its 40th anniversary, there is a key opportunity for policymakers to reaffirm their support for the independence of this agency.
https://www.pgpf.org/blog/analysis-congressional-budget-offices-40th-anniversary
“After adding trillions to our national debt in last year’s irresponsible tax bill, our leaders are now adding another $300 billion in deficits over just the next two years," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2018/02/peterson-foundation-statement-on-budget-deal
Americans remain highly concerned about the nation’s fiscal health, according to the Peter G. Peterson Foundation’s November Fiscal Confidence Index, a monthly measure of public attitudes about the nation’s long-term debt and the efforts elected leaders are making to address America’s fiscal challenges.
https://www.pgpf.org/press-release/2015/11/fci-press-release
At a press conference at the Newseum, Coalition Chairman Admiral Michael Mullen and Coalition members Senator Sam Nunn, Senator John Warner, and Representative Ike Skelton announced the Coalition's core principles for sound fiscal and defense policies that reflect the realities of the 21st century.
The Peterson-Pew Commission on Budget Reform's second report, Getting Back in the Black, offers a detailed set of options to reform the federal budget process.
https://www.pgpf.org/what-we-are-doing/grants/peterson-pew-commission-report