Uncertainty in Europe, energy price fluctuations, constraints on state and local governments, and the impending “fiscal cliff” of federal spending cuts and tax increases pose especially complex challenges for America’s economic future. As European leaders scramble to find solutions to the eurozone crisis, what are the implications of the eurozone’s disintegration for the American economy? Can domestic policies stimulate growth and how will they shape the global economic landscape? Are economic policies the key to American leadership in the twenty-first century?
Peter R. Orszag is vice chairman of corporate and investment banking at Citigroup, Inc. He is also a contributing columnist at Bloomberg View, a distinguished scholar at the NYU School of Law, and an adjunct senior fellow at the Council on Foreign Relations. Orszag previously served as the director of the Office of Management and Budget in the Obama administration, and as director of the Congressional Budget Office.