Peterson Foundation Makes $1.2 Million in Grants for Debt-Reduction Proposals

Six different groups received $200,000 grants from the Peter G. Peterson Foundation, and they’ll be offering (likely competing) proposals later this year aimed at tackling the country’s fiscal problems.

The proposals will be unveiled as part of the Peterson Foundation’s fiscal summit later this year. Each proposal will be compared with the baseline the Congressional Budget Office offers later this month. They come as Washington is wrangling over how best to cut spending and could be used to shape budget battles or negotiations over entitlement programs.