President Obama held this press conference on March 1, 2013, on the deadline for the sequestration cuts to automatically begin.

Speaker of the House John Boehner gave this statement at a press conference about the sequester, on February 28, 2013.

Should a functioning government fail to emerge in Italy, the eurozone could soon find itself engulfed in another round of expensive and controversial bailouts, says CFR's Charles Kupchan.

President Obama gave these remarks on the impact of the sequester on February 26, 2013, at Newport News Shipbuilding.

Examines data including GDP, household debt, and industrial production to show the weakness of the current recovery compared to previous postwar rebounds.

The president's annual address set the stage for more political wrangling over U.S. fiscal policy at a time when decisiveness is crucial for the economy, writes CFR's Robert Kahn.

"Nowhere is this more heartfelt than in Italy. The euro is more than a currency: It is the strongest symbol of belonging to Europe, a relationship that many Italians hope can teach them better governance."

Timothy F. Geithner, the 75^th 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.

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

Richard N. Haass argues that many of the same issues that we faced in 2012 will continue to be problematic in 2013.

President Obama signed the American Taxpayer Relief Act of 2012 (also called the "fiscal cliff bill") into law on January 2, 2013.

The pending danger of the "fiscal cliff" that faces the United States could mean U.S. abdication of leadership on a range of vital global issues.

What's the difference between debt and deficit? What does the "fiscal cliff," a combination of tax increases and spending cuts, mean for deficit reduction? Research Links on Debt and Deficits provides news, research, data, and proposed solutions on debt and deficit in the United States (local and federal) and international comparisons.

Sebastian Mallaby argues that Europe's future is looking frighteningly like Japan's past.

House Speaker John Boehner gave these remarks, regarding the fiscal cliff and spending cuts, in the House on December 11, 2012.

President Obama gave these remarks at the Daimler Detroit Diesel Plant in Michigan on December 10, 2021.

House Speaker John Boehner released this column discussing the fiscal cliff on December 7, 2012.

The Coalition for Fiscal and National Security, a group of former U.S. government officials, released this statement on the fiscal cliff on December 4, 2012.