With the fiscal cliff looming and our current fiscal trajectory unsustainable, "We should let the Bush high-end tax cuts expire, with an achievable, progressive reduction in tax expenditures. And we should have spending cuts, including entitlement reforms, equally matched by revenue increases," says Robert E. Rubin.

CFR co-chair Robert Rubin; Director of the Peterson Institute for International Economics, C. Fred Bergsten; and Director of CFR's Maurice R. Greenberg Center for Geoeconomic Studies, Sebastian Mallaby discuss the bond-purchasing plan of the European Central Bank, the German constitutional court decision over the European Stability Mechanism, and the Federal Reserve's plan for additional quantitative easing.

Robert Rubin writes that the ECB would risk losing its credibility and stoking inflation if it did not impose conditionality on its bond-buying program.

With the eurozone crisis at a "critical" point, substantive interim measures are needed to reestablish stability while long-term fundamental changes are pursued, says CFR's Robert E. Rubin.

Robert Rubin explains how the pressures of the "fiscal cliff" will present U.S. political leaders with a rare second chance to make critical fiscal reforms after the 2012 elections.

Robert E. Rubin and Vin Weber argue that the Export-Import Bank is a government agency that increases U.S. jobs and earns money for the Treasury--and deserves bipartisan support.

Experts discuss the energy demands of emerging economies, as well as the stability of oil supply.

This meeting is the first in a series of global partnership meetings with the Financial Times.

Experts discuss the energy demands of emerging economies, as well as the stability of oil supply.

This meeting is the first in a series of global partnership meetings with the Financial Times.

Robert Rubin says serious and balanced deficit reduction is necessary for the American economy to thrive.

Economist A. Michael Spence says emerging market growth is going to produce a boom in investment, which in turn may lead to higher interest rates globally, and a tendency to intervene in international capital flows. Spence spoke to Robert Rubin, Former Treasury Secretary and Co-Chairman of the Council on Foreign Relations, at CFR's 2011 Corporate Conference.

President of the Republic of Turkey, Abdullah Gül, discusses the transforming relationship of Turkey with the United States, Europe, and the Middle East

President of the Republic of Turkey, Abdullah Gül, discusses the transforming relationship of Turkey with the United States, Europe, and the Middle East.

Turkish President Abdullah Gül discusses a wide-range of foreign policy matters including U.S.-Turkish relations, Middle East peace, Iran, and Afghanistan.

Watch Jean-Claude Trichet, president of the European Central Bank, discuss global governance in light of the recent financial crisis.

This meeting was part of the C. Peter McColough Series on International Economics.

Listen to Jean-Claude Trichet, president of the European Central Bank, discuss global governance in light of the recent financial crisis.

This meeting was part of the C. Peter McColough Series on International Economics.

The C. Peter McColough Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies.

Watch experts analyze the economic effects of pandemic influenza including on the labor force and trade.

This session was part of a CFR symposium, Pandemic Influenza: Science, Economics, and Foreign Policy, which was cosponsored with Science Magazine.

Listen to experts analyze the economic effects of pandemic influenza including on the labor force and trade.

This session was part of a CFR symposium, Pandemic Influenza: Science, Economics, and Foreign Policy, which was cosponsored with Science Magazine.

Session II of a Council on Foreign Relations Symposium on Pandemic Influenza: Science, Economics and Foreign Policy. Subject:  Economic Aspects of Pandemic Influenza