A longtime leader in business, economics and government talks about the long-term effects of our ever-growing federal budget deficit.


  • Peter Peterson author of "Running on Empty,"chairman emeritus and cofounder of the Blackstone Group, chairman emeritus of the Council on Foreign Relations, founding chairman of the Peterson Institute for International Economics, founding president of the Concord Coalition, retired chairman of the Federal Reserve Bank of New York, Secretary of Commerce in the Nixon administration.

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