Budget, Debt, and Deficits

Interview

An Rx for Debt Reduction?

Peter R. Orszag interviewed by Roya Wolverson

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.

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Must Read 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.

See more in United States; Congresses, Parliaments, National Legislatures; Budget, Debt, and Deficits