Peterson-Pew Commission on Budget Reform — “Red Ink Rising” release

On December 14, the Peterson-Pew Commission on Budget Reform hosted a public event, moderated by David Wessel of the Wall Street Journal, to announce the release of its report, Red Ink Rising: A Call to Action to Stem the Mounting Federal Debt. The six panelists included a distinguished group of fiscal experts, including among their many titles, former chairmen and ranking members of the House Budget Committee (Bill Frenzel, Jim Nussle, and Jim Jones) and two former CBO directors (Alice Rivlin and Douglas Holtz-Eakin). The panelists discussed the Commissions proposal to address the growing federal debt. The Peterson-Pew Commission on Budget Reform is a joint venture of the Peter G. Peterson Foundation, The Pew Charitable Trusts, and the Committee for a Responsible Federal Budget. The Commission has convened the nation’s preeminent budget experts to develop a new fiscal framework and make recommendations for how best to strengthen the budget process. After making its recommendations, the Commission will work closely with Members of Congress and the White House on implementing these and other related reforms to the budget. Additional information on the Peterson-Pew Commission on Budget Reform is available at: www.budgetreform.org.