The State Budget Crisis Task Force, a bipartisan group led by former Federal Reserve Chairman Paul A. Volcker and former New York Lt. Gov. Richard Ravitch delivered its report on July 17 in Washington, D.C. The Task Force was funded by foundations established by George Soros, Pete Peterson, and others. I was a member of the Task Force Advisory Board, which also included Nicholas F. Brady, Joseph A. Califano, Jr., Phillip L. Clay, Peter Goldmark, Richard P. Nathan, Alice M. Rivlin, Marc V. Shaw, and George P. Shultz.
Read more: August 2012 SIEPR Policy Brief