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December 12, 2012

Budget, Debt, and Deficits
What Is the Fiscal Cliff?

While congressional action lags, a series of year-end fiscal measures could derail the U.S. recovery.

The U.S. Capitol building in Washington, DC.

December 12, 2012

Budget, Debt, and Deficits
The Fed and the Fiscal Cliff

One interesting footnote to the Fed’s decision today to introduce quantitative thresholds--that it expects to keep rates low at least as long as unemployment exceeds 6.5%, their inflation forecast do…

November 6, 2012

United States
Confronting the Fiscal Cliff

Policymakers must act swiftly post-election to approve a viable fiscal plan or trigger market volatility and severe damage to the U.S. economy, writes CFR’s Robert Kahn.

January 2, 2013

Budget, Debt, and Deficits
The Cliff Is Dead, Long Live the Cliff

Tuesday’s fiscal agreement defuses the fiscal cliff by deferring most tax hikes and pushing back the sequester.  A deal has been made, a financial crash avoided, and near-term growth prospects look r…

November 14, 2012

What Is the Fiscal Cliff?

Without timely action from Congress, the United States faces a drastic set of tax hikes and spending cuts at year’s end that could derail the nation’s fragile recovery and spill over into the global …

The dome of the U.S. Capitol is lit up in Washington, DC (Brian Snyder/Reuters).

November 27, 2012

Europe and Eurasia
Greece Hurtles Toward Its Fiscal Cliff

The United States marches solemnly towards its fiscal cliff, awaiting only the command from the Goddess of Reason to halt. Unfortunately for Greece, that country plugged its ears back in March. L…

Greece Hurtles Toward Its Fiscal Cliff

August 1, 2012

What is the Fiscal Cliff?

Without timely action from Congress, the United States is set to undergo a drastic set of tax hikes and spending cuts at year's end that could derail the nation's fragile economic recovery. The budge…

Cragged bluffs rise from the sea. (Courtesy Darren Harmon).

September 4, 2019

Southeast Asia
Authoritarian Modernism in East Asia: A Review

Over the past decade, democracy has regressed in much of Asia, though there are notable exceptions including Malaysia and Taiwan. Southeast Asia has witnessed a reversal in Thailand, weakening instit…

Chinese President Xi Jinping inspects troops at the People's Liberation Army (PLA) Hong Kong Garrison as part of events marking the twentieth anniversary of the city's handover from British to Chinese rule, in Hong Kong, China on June 30, 2017.

June 18, 2012

Trade
Morning Brief: Delaying the Fiscal Cliff

Current legislation calls for over $500 billion in spending cuts and tax increases at the end of 2012, a “fiscal cliff” that The Economist argues politicians should postpone. While acknowledging that…

Alan Simpson (R) and Erskine Bowles (L) testify before Congress in November 2011 about their commission's plan to attack long-term budget challenges through tax and entitlement reform, along with discretionary spending cuts (Jonathan Ernst/Courtesy Reuters).

July 23, 2019

North Korea
Sino-U.S. Strategic Competition Impedes a Nuclear Deal With North Korea

The Chinese view an expanding North Korean nuclear program as hastening the erosion of American credibility throughout Asia, and eventually contributing to China’s assumption of the role of regional …

U.S. President Donald J. Trump and China's President Xi Jinping meet business leaders at the Great Hall of the People in Beijing, China, on November 9, 2017.