A. Michael Spence argues that the eurozone has an opportunity to jumpstart economic recovery by relaxing fiscal constraints on the condition that member states use the reprieve to initiate public sector investment and structural reforms.
he US racked up debt faster than any other G7 country during the Great Recession, so that its debt burden is now as bad as the average European country. If current projections hold, by 2040 the US will have the worst debt burden of any G7 country save for Japan, reaching levels not seen since World War II.
Peter R. Orszag argues that new legislation giving health-care providers full responsibility for patient care, costs, and outcomes is an encouraging step toward increasing the quality of care supplied per Medicare dollar spent.
Peter R. Orszag argues that the United States will be unable to improve the efficiency of its health-care system unless it more aggressively pursues research into the comparative effectiveness of medical treatments.
Authors: Peter R. Orszag, Senator Sheldon Whitehouse, and Ezekiel Emanuel Bloomberg.com
Peter Orszag, Ezekiel Emanuel, and Sheldon Whitehouse argue that the success of the "tech surge" in improving HealthCare.gov should inspire President Barack Obama to mobilize a similar effort to reduce health-care costs.
It has been a generation since our country last had a robust conversation about combatting poverty. Now is the time to reinvigorate that conversation, not cut needed benefits, write Robert E. Rubin, Roger C. Altman, and Melissa Kearney.
Although the government shutdown was costly for both the economy and U.S. foreign policy, Micah Zenko points out that the United States will remain above-average and the ultimate impact was the "opportunity cost of applying finite time and resources to political theater rather than tangible policy accomplishments."
As the Tea Party's scorched-earth tactics threaten to burn down the Republican Party's house, Julia Sweig reflects on the role of factional politics and democratic expansion in U.S. history, and on the crossroads we have reached in the present day.
Peter Orszag and John Bridgeland argue that the federal government needs to do a better job of figuring out what programs work, giving more funding to the programs that are effective, and cutting funding from that programs that are not.
Michael Spence argues that continued U.S. debt ceiling brinkmanship will reinforce perceptions that American politics are helplessly parochial, encourage other nations to diversify away from holding U.S. sovereign debt, and accelerate the decline of America's global economic influence.
Because a binding U.S. debt ceiling creates constitutional contradictions that cannot be resolved in a non-destructive way, Martin Wolf writes that the debt ceiling is too dangerous a law to remain on the books.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
The authors argue that it is essential to begin working now to expand and establish rules and norms governing armed drones, thereby creating standards of behavior that other countries will be more likely to follow.
The author examines Pakistan's complex role in U.S. foreign policy and advocates for a two-pronged approach that works to quarantine threats while integrating Pakistan into the broader U.S. agenda in Asia.