The Peterson-Pew Budget Commission met from 2009 to 2011 to make recommendations about how to improve the nation’s fiscal future. This site is historical and not regularly updated.

Paul Volcker

Mr. Volcker served under five presidents- from John F. Kennedy to Ronald Reagan to the current one, Barack Obama. He is currently the chairman of the President's Economic Recovery Advisory Board. He served as under secretary of the Treasury for monetary affairs from 1969 to 1974 and as president of the New York Federal Reserve Bank for the subsequent five years. He served as chairman of the Federal Reserve System under Presidents Carter and Reagan. He later became chairman and CEO of Wolfensohn & Co., Inc., and a professor of international economics at Princeton University. Since his retirement from the Federal Reserve, Mr. Volcker has served in a variety of public-service roles, including as a volunteer chairman of the Commission on Public Service and chair of the International Independent Committee of Eminent Persons, which investigates the Swiss bank accounts of holocaust victims. In the wake of the Enron scandal, he was involved in revamping Arthur Andersen.
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