Fiscal cliff. Taxmaggedon. Debt default. The Great Recession. Political gridlock. Sequestration. The making -- or unmaking -- of the federal budget is at play with each of these. Making sense of it all is the focus of David Wessel’s new book, Red Ink: Inside the High Stakes Politics of the Federal Budget.
- David Wessel, a two-time co-winner of the Pulitzer Prize, is the economics editor for The Wall Street Journal and writer of the “Capital” column, its weekly look at the economy and forces shaping living standards around the world.
- Alice Rivlin, co-chair of the Bipartisan Policy Center’s Debt Reduction Task Force, is the founding director of the Congressional Budget Office, former director of the Office of Management and Budget, and former vice-chair of the Federal Reserve.
- Joseph Minarik, the senior vice president and director of research at the Committee for Economic Development, is the former chief economist of the Office of Management and Budget and the House Budget Committee.
- Eugene Steuerle, the Richard B. Fisher Chair at the Urban Institute, is the co-founder of the Urban-Brookings Tax Policy Center and a former deputy assistant secretary of the treasury for tax analysis.