Cutting the federal deficit is seen as essential for reviving the country's economic standing. CFR's Peter Orszag looks at some of the pros and cons of recommendations by a presidential commission's co-chairs to cut more than $3.8 trillion from national deficits.
Some of Obama's budget proposals are sound policy, but congressional gridlock and faster economic reforms in China and Europe could jeopardize U.S. competitiveness, says Economist.com editor Ryan Avent.
The ingredients for Detroit's longterm economic recovery are already there. It is worth noting that "the quality of knowledge institutions, its International airport, and openness to global talent put Detroit in a different category than other hard-pressed Rustbelt cities."
Authors: Peter Wallsten, Lori Montgomery, and Scott Wilson
President Obama used an economic "grand bargain" to wash his hands of Washington's dysfunction, presenting himself as a well-intentioned man unable to secure a fair deal with the Capitol's enduring partisanship--but the reality of the deal was a lot more complicated than press statements from either party reveal, write Peter Wallsten, Lori Montgomery, and Scott Wilson for the Washington Post.
The Economist comments on Obama's recently released federal budget: as a fiscal document, it is optimistic though not unreasonable; as a political move, it is an early campaign promise towards reelection.
In light of a recent slowdown in China's economic growth, a coterie of China commentators at the New York Times discusses the question of whether massive public spending is contributing to an incipient debt crisis.
The authors argue that the United States has responded inadequately to the rise of Chinese power and recommend placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
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