Peter Orszag wants the United States to rely more on automatic stabilizers to stem the shocks from recessions.

Sebastian Mallaby proposes that Mitt Romney declare war on America's addiction to debt.

The White House describes this January 2012 document: "In his State of the Union address, President Obama laid out a Blueprint for an America Built to Last, calling for action to help responsible borrowers and support a housing market recovery. While the government cannot fix the housing market on its own, the President believes that responsible homeowners should not have to sit and wait for the market to hit bottom to get relief when there are measures at hand that can make a meaningful difference, including allowing these homeowners to save thousands of dollars by refinancing at today's low interest rates. That's why the President is putting forward a plan that uses the broad range of tools to help homeowners, supporting middle-class families and the economy."

The treaty establishing the European Stabilisation Mechanism was signed by the Eurozone states on February 2, 2012. It awaits ratification to enter into force.

Political and business leaders at the World Economic Forum in Davos are focused on the ongoing eurozone sovereign debt crisis, with some cautioning that Germany is not doing enough to resolve the crisis and facilitate growth.

The ECB and EFSF could do what the ECB alone cannot, writes George Soros.

Fears of a U.S. sovereign debt crisis akin to some eurozone economies may be overblown, but a large deficit poses serious challenges for policymakers struggling to balance short-term economic recovery with debt reduction in the long term.

Peter Orszag examines recent U.S. trends in retirement to better understand how the weak economy is affecting older workers.

U.S.-based rating agencies--still reeling from a loss of credibility for being too lenient with risky financial institutions in the run-up to the global financial crisis--are once again under intense scrutiny following S&P's unprecedented downgrade of U.S. debt. The move comes on the heels of intense criticism by EU officials, who contend the raters have accelerated the European sovereign debt crisis.

Policymakers and market actors are increasingly concerned about a disorderly Greek default, while many analysts question the wisdom of Germany's strict austerity approach to the escalating eurozone sovereign debt crisis.

Senator Rob Portman (R-OH) and Stone Point Capital Chairman Stephen Friedman discuss rebooting the American economy and global economic challenges in this CFR meeting.

Another eurozone mini-summit is underway today but investors continue to doubt EU leaders' ability to address the sovereign debt crisis, even as banks face a liquidity crunch.

EU leaders are moving forward with a new fiscal compact, but doubts persist over the agreement's legality and its ability to stem the tide of eurozone sovereign debt contagion.

This report explains why U.S. policymakers must reduce all three deficits, not just the budget deficit, through targeted public investment in innovation, productivity, and competitiveness.

Experts discuss the lessons learned during the financial crisis and the importance of federal economic oversight in addition to regulatory reform.

At a Brussels summit, EU leaders agreed to develop a new fiscal union in an effort to preserve the indebted eurozone. Analysts say Britain's decision to opt out of the plan could dramatically reshape the path of European integration.

An agreement by EU leaders to create a new fiscal union signals a political commitment to the future of the euro. Economist Iain Begg explains why it will not immediately solve the eurozone sovereign debt crisis.

Benn Steil's Forbes op-ed explains why central banks, in spite of their money-printing powers, ultimately need real capital.

After EU Council summit talks in Brussels, at which France and Germany urged EU member states to overhaul EU treaties in an attempt to remedy the debt crisis, the UK opted out, citing the proposed financial services tax. The 17 Eurozone members and six other states agreed instead on this pact, reached on December 9, 2011, without the UK's participation.

CFR's Sebastian Mallaby discusses the EU summit's potential for stemming the tide of the eurozone debt crisis.