CFR Presents

Renewing America

Ideas and initiatives for rebuilding American economic strength.

Why Are So Many College Graduates Driving Taxis?

by Renewing America Staff Wednesday, June 26, 2013

In his Bloomberg column, CFR Adjunct Senior Fellow Peter Orszag discusses recent research that finds that though an unprecedented number of American college graduates are employed in jobs that don’t require a college degree, the wage premium enjoyed by college degree-holders persists. Orszag states that if some of the researcher’s conclusions are correct–that the movement of these high-skilled workers into lower-skilled jobs is bringing down wages for manual workers even more–the value of a college degree could at least be found in avoiding this wage depression.

Can Government Play Moneyball?

by Renewing America Staff Friday, June 21, 2013

Director of the Congressional Budget Office Peter Orszag and director of the White House Domestic Policy Council John Bridgeland both left office flabbergasted by how blindly the federal government spends money. In the Atlantic, they propose that the “moneyball” formula employed in baseball—whereby data-intensive analysis of what skills players actually contribute most replaced traditional beliefs and biases—can be readily applied to tame the federal budget.

Progress Report and Scorecard: Remedial Education

by Edward Alden Monday, June 17, 2013
The CFR Renewing America Education Scorecard The CFR Renewing America Education Scorecard

The Renewing America Initiative is publishing today a new Progress Report and Infographic Scorecard on federal education policy entitled “Remedial Education.” There is no single issue that is more important to America’s future, and probably none where the challenges are greater. Read more »

Policy Initiative Spotlight: A One-Stop Welfare Shop

by Steven J. Markovich Tuesday, June 11, 2013
A young, unemployed teacher works as a babysitter as she looks for a full-time position (Alessandro Bianchi/Courtesy). A young, unemployed teacher works as a babysitter as she looks for a full-time position (Alessandro Bianchi/Courtesy).

The United Kingdom is implementing a major welfare reform, replacing a constellation of social support programs with a single monthly payment, the universal credit. The amount a recipient receives will be based on income level of the prior month, with additional amounts for disability, caring responsibilities, housing costs, and children. Touted as the most significant reform since the 1940s, the universal credit went into pilot phase in April 2013, with broader rollout to run from October 2013 to October 2017. Read more »

Fiscal Malaise

by Renewing America Staff Wednesday, June 5, 2013

The fact that U.S. fiscal policy has moved out of the media spotlight is both good news and bad news, writes CFR’s Robert Kahn on his blog “Macro and Markets.” While it’s good there is some general optimism that the next round of fiscal cliffs will be navigated with little disruption to the economy, the growing pessimism about the chances of a grand fiscal bargain is discouraging. Kahn highlights several factors that might be contributing to this dynamic, including a better economic backdrop and debt limit fatigue. Read more »