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How the Parties Can Compromise on the Debt Ceiling Without Compromising...
It is time for our nation's leaders to step back from the brink. Obviously, neither side wants to blink first in this "stare down." However, both sides must stop focusing on political brinkmanship and...
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Around the Halls: The Debt Limit Clock Runs Out
With an August 2 deadline just days away, pressure is growing for Congress to pass legislation to raise the debt ceiling. Bills are moving through both the Senate and House of Representatives, yet a...
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Optimism in the Debt Ceiling Chicken Game
Editor's Note: CNN invited prominent former leaders and policymakers to offer their advice on the debt crisis standoff in Washington. Here is part of Brookings guest scholar and former House Member...
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Good News and Bad News in Debt Limit Deal
Let’s give our political leaders credit for reaching an agreement on the debt limit. After years of cutting taxes and raising spending, reducing the medium-term debt is clearly a step in the right...
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What Is Next for the U.S. Economy, Post-Debt Ceiling Debate?
The drama surrounding the debt ceiling is over for now. It went down to the wire, but a package was signed by the president that has allowed the U.S. government to avoid defaulting on any of its...
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What the Budget Control Act Means for U.S. Defense
The budget deal has me partly breathing a sigh of relief, partly worrying that we are moving too much towards becoming an entitlement state at the expense of investments in science, education,...
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The White House’s Three Biggest Blunders in the Debt Ceiling Fight
Having spent some time inside the White House, I have some sense of how the world looks and feels from that unique vantage point. Its denizens always have a sense of operating under enormous pressure,...
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Web Chat: The Day After the Debt Limit Deadline
On August 3, expert Ron Haskins answered your questions on the immediate fallout from the debt limit deal in a live web chat moderated by POLITICO. The transcript of this chat follows.12:30 Erika...
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The Debt Deal: A Hopeful View
The process for raising the debt ceiling was unbelievably awful, outrageous, irresponsible, embarrassing–-no adjectives are too strong. A minority with inflexible views not only put the economic...
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The Federal Budget Outlook: A Post Budget Deal Update
This paper provides a brief update to our most recent estimates of the 10-year and long-term federal budget outlook, published in July (Auerbach and Gale 2011), to account for the recent budget deal...
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What the Current U.S. Political Dysfunction Means to and for Asia
Asians know that the United States is the strongest country in the world; their question is how long it will remain so. The American genius has been, not to avoid major domestic errors, but to recover...
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(Still) Tempting Fate: An Updated Federal Budget Outlook
ABSTRACT We present new estimates of the budget outlook, incorporating the impact of the recent debt-limit deal and the latest projections by the Congressional Budget Office and the Medicare and...
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Don't Let the Super Committee Fail
With President Obama’s expected unveiling of a detailed deficit reduction plan this upcoming week, aimed to influence and cajole the super committee, which must report with its proposal by November...
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Obama's Deficit Opportunity
In every great legislative achievement there are key moments when the right politicians make the right choices and assume the inevitable risks of true leadership. Now is such a moment for President...
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What the Super Committee Should Say
Event Information November 21, 201110:00 AM - 11:30 AM ESTFalk AuditoriumThe Brookings Institution1775 Massachusetts Ave., NWWashington, DC Register for the EventWith the November 23 deadline quickly...
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Global Imbalances and Domestic Inequality
Despite years of official talk about addressing global current-account imbalances, they remained one of the world’s main economic concerns in 2011. Global imbalances were, to be sure, smaller overall...
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Curing Health Care: The Next President Should Complete, Not Abandon, Obama's...
Follow @BICampaign2012 Editor's Note: The following is a Campaign 2012 policy brief by Alice Rivlin proposing ideas for the next president on America’s health care system. Tom Mann prepared a response...
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Israel's Spy Revolt
Something has gone very wrong with Israel's posture on Iran's nuclear program. While Prime Minister Benjamin Netanyahu and Defense Minister Ehud Barak lead a confrontational approach -- including...
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Strategic Reform Can Help Offset Budget Impasse
Armageddon: noun, from Hebrew har megiddon, mountain district of Megiddo; definition: 1) Bible — the place where the last, decisive battle between the forces of good and evil is to be fought before...
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Sequestration is Not Defense “Armageddon”
"The current budget impasse likely will impose some painful choices on Congress and the Pentagon. The important thing, however, is to recognize that they are politically painful, not necessarily...
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