Peter G. Peterson, senior chairman of Blackstone Group and a former U.S. commerce secretary, is launching a public policy foundation that is committed to provide funding of at least $1 billion over the next several years, the foundation said in a statement today.
U.S. Comptroller General David Walker, who announced he’ll step down from that post March 12, was named president and CEO of the foundation, whose first two grant recipients will be the Concord Coalition for the Fiscal Wake-up Tour, an organization dedicated to developing awareness about the need for fiscal responsibility and the danger of budget deficits, and Sam Nunn’s Nuclear Threat Initiative, an organization working to reduce nuclear proliferation and threats from biological and chemical weapons.
The foundation also will target issues, including unsustainable entitlement benefits, excessive trade deficits, rising health-care costs, energy consumption and global warming.
