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.
CFR co-chair Robert Rubin; Director of the Peterson Institute for International Economics, C. Fred Bergsten; and Director of CFR's Maurice R. Greenberg Center for Geoeconomic Studies, Sebastian Mallaby discuss the bond-purchasing plan of the European Central Bank, the German constitutional court decision over the European Stability Mechanism, and the Federal Reserve's plan for additional quantitative easing.
Former U.S. Treasury Secretary and CFR Co-ChairRobert E. Rubin, CFR Senior Fellow Sebastian Mallaby, and Peterson Institute for International Economics Director C. Fred Bergsten discuss the European Central Bank's bond purchasing plan and the German constitutional court decision on the European Stabilization Mechanism with Foreign Affairs' Managing Editor Jonathan D. Tepperman.
Economist A. Michael Spence says emerging market growth is going to produce a boom in investment, which in turn may lead to higher interest rates globally, and a tendency to intervene in international capital flows. Spence spoke to Robert Rubin, Former Treasury Secretary and Co-Chairman of the Council on Foreign Relations, at CFR's 2011 Corporate Conference.
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Learn more about CFR’s mission and its work over the past year in the 2014 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »