Sebastian Mallaby comes down in favor of Ben Bernanke's latest gamble as Fed chairman.

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.

Peter Orszag explains why Build America Bonds could become victims of the fiscal cliff and why they should be saved.

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.

Peter Orszag writes that reaching a deal to avoid the fiscal cliff will require Republicans and Democrats to be more flexible about the positions they have staked out over tax and entitlement reforms.

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.

Sebastian Mallaby argues that President Obama will be unable to stabilize the U.S. debt over the long term without addressing the problem of ballooning health and pension costs.

Sebastian Mallaby argues that Spain is unlikely to get control of its debt dynamics without more aggressive action from European leaders.

Sebastian Mallaby argues that the European Central Bank should embrace a weighted-vote governance structure in its plans for a new bank supervisory board.

With the fiscal cliff looming and our current fiscal trajectory unsustainable, "We should let the Bush high-end tax cuts expire, with an achievable, progressive reduction in tax expenditures. And we should have spending cuts, including entitlement reforms, equally matched by revenue increases," says Robert E. Rubin.

Sebastian Mallaby considers how economic forecasters should adapt their methods to reflect today's high levels of policy uncertainty.

Benn Steil's Forbes op-ed, co-authored with Dinah Walker and Romil Chouhan, shows why President Obama's touting of renewable energy as a job-creator is misguided.

Unlike Germany, France under the leadership of François Hollande has failed to articulate a long-term vision for Europe, says the Peterson Institute's Jacob Funk Kirkegaard.

Bloomberg argues that the recent spate of opinions suggesting that international comparisons cannot be made to the U.S. financial recovery are misguided.

Michael Spence shares his bullish outlook on emerging markets and their ability to rebound from a global growth slowdown.

Peter Orszag and Jonathan Orszag argue that, though conspiracy theories regarding the Bureau of Labor Statistics are misguided, BLS methods for compiling macroeconomic statistics do need updating to harness the power of "big data."