Restoring Fiscal Responsibility: Challenges for the New Congress
Wednesday, January 12, 2005
8:00 am - 12:00 am EST
TIAA-CREF Conference Room
Falk Auditorium
730 3rd Avenue (Between 45th and 46th)
New York City, New York
On January 12th, the Brookings Institution, along with the Committee for Economic Development and the Concord Coalition, hosted a breakfast forum for the financial community in New York City. The forum focused on the budget outlook for FY 2006 and the impact of rising long-term federal deficits. The forum, Restoring Fiscal Responsibility: Challenges for the New Congress, featured three leading experts on economic policy:
Bob Kerrey, former U.S. Senator and President of The New School University Alice M. Rivlin, former Vice Chair of the Federal Reserve Board, former Director of the Office of Management and Budget, and Senior Fellow at the Brookings Institution
Peter G. Peterson, former Secretary of Commerce and President of the Concord Coalition
The forum was moderated by Geoffrey Boisi, Vice Chairman (Ret.), JP MorganChase. All three panelists warned that the size of the federal budget deficit threatens future U.S. economic growth and outlined the political challenges Congress and the Administration will face in attempting comprehensive Social Security and Medicare reform in 2005.