Peter Orszag finds good news about health care costs in the latest budgetary and economic projections released by the CBO, but he cautions that the outlook for unemployment and federal spending is still gloomy.
Timothy F. Geithner, the 75th Secretary of the U.S. Department of the Treasury, will join the Council on Foreign Relations (CFR) as a distinguished fellow. Geithner, who was previously a senior fellow at CFR in 2001, will be based at the organization's headquarters in New York.
The Congressional Budget Office (CBO) released its yearly Budget and Economic Outlook report on "'baseline' budget projections spanning the next 10 years. Those projections are not a forecast of future events; rather, they are intended to provide a benchmark against which potential policy changes can be measured." The report covers 2013-2023.
Benn Steil's Wall Street Journal Europe op-ed, co-authored with Dinah Walker, argues that the Bank of England is getting "Libored"—that is, misled and manipulated—by the banks benefiting from its Funding for Lending Scheme. The Fed, which has shown interest in the scheme, should beware.
Because a financial crisis can inflict lasting damage to productivity growth, Peter Orszag argues that the failure of U.S. policymakers to enact a "barbell" fiscal policy now could yield more economic troubles down the road.
Benn Steil's column in Dow Jones' Financial News, co-authored with Dinah Walker, shows why last March's Greek debt restructuring left Greece in poor shape to avoid financial collapse
Peter Orszag explains how globalization is lowering effective corporate tax rates and making it harder for Republicans and Democrats to agree on what tax reforms are needed.
Peter Orszag argues that aggressive action to continue recent slowing in health-care cost growth can help to stabilize the U.S. fiscal trajectory and increase take-home pay.
British Prime Minister Cameron gave these remarks at Bloomberg in London on January 23, 2013. He discussed his view of the future of the European Union and his plans to hold a referendum on the United Kingdom's membership.
Michael Spence describes how technological progress affects employment and why policymakers should increase investment in education and skills to help workers adapt.
In an interview with ABC News, Richard N. Haass answers eight questions about the "fiscal cliff," Israel, President Obama's recent cabinet nominations, among others.
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 author analyzes the potentially serious consequences, both at home and abroad, of a lightly overseen drone program and makes recommendations for improving its governance.