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The Peterson-Pew Commission on Budget Reform has convened the nation’s preeminent fiscal and budget experts to make recommendations for how best to strengthen the budget process used by federal lawmakers. Significant attention to budget reform over the next few years is imperative given the current economic conditions, the tremendous amount of borrowing taking place to help stabilize the economy, and the large and growing promises for Social Security, Medicare and Medicaid benefits.
The commission has produced one set of recommendations that address a host of shortcomings in current budget rules, concepts and processes and is preparing to issue a second set of recommendations in 2010.
For more information, please visit the Peterson-Pew Commission on Budget Reform.
Nov 10, 2010 - Getting Back in the Black, a new report from the Peterson-Pew Commission, recommends that policy makers adopt measures to stabilize the federal debt by establishing fiscal targets, creating automatic budgetary triggers and increasing transparency of budgetary information and procedures.
View: Full Report (Adobe PDF)
Dec 14, 2009 - The United States is already hearing concerns about its fiscal management from some of its largest creditors, and the country is uncomfortably vulnerable to shifts in confidence around the world.
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