Peter G. Peterson, who has spent decades focusing public attention on the nation’s unsustainable budget policies and encouraging fiscal reform, is being honored by The Concord Coalition with its 2016 Paul E. Tsongas Economic Patriot Award.
Peterson “has been a tireless advocate for bipartisan reforms that would put the federal budget on a more responsible course, encourage economic growth, preserve America’s global leadership and protect our children and future generations from excessive government debt,” said Robert L. Bixby, Concord’s executive director.
Peterson’s distinguished career has featured many achievements and contributions in the business world, public service and philanthropy. He co-founded The Blackstone Group and served as the U.S. Secretary of Commerce and chairman of the Federal Reserve Bank in New York.
In 1992 he co-founded Concord with Paul E. Tsongas, a former Democratic senator from Massachusetts, and Warren B. Rudman, who served as a Republican senator from New Hampshire. Peterson served as Concord’s president for many years and continues to support its work.
In 2008 Peterson established the Peter G. Peterson Foundation, where he continues his work on the nation’s fiscal challenges. He has written a number of books on these challenges, the latest of which was released last year.
“No one is more deserving of recognition for advocacy on behalf of fiscal sustainability and generational responsibility than Pete Peterson,” Bixby says. “But we are particularly pleased to honor him with this year’s award because of his early leadership of Concord and his continuing interest in and support for our work.”
The award ceremony will be this evening in New York.
Peter G. Peterson Biographical Information (Peterson Foundation)