CFR Presents

Renewing America

Ideas and initiatives for rebuilding American economic strength.

Decision Time for the Global Economy

by Michael Spence Tuesday, August 20, 2013
A construction worker looks at the Pudong financial district in Shanghai (Carlos Barria/Courtesy Reuters). A construction worker looks at the Pudong financial district in Shanghai (Carlos Barria/Courtesy Reuters).

Milan – In the dog days of summer, Milan is quieter than many European cities. The locals are away, and, unlike Paris or Rome, tourists do not take their place. Here and elsewhere, people, businesses, governments, and markets take a break, decompress, and reflect. Europe’s economic problems will still be here, waiting for us, in September. Read more »

Transportation: Overhyped “Can-Do” States and P3s

by Rebecca Strauss Thursday, August 15, 2013
A police vehicle escorts visitors through one of two tunnels that will replace a stretch of California's Highway 1 near Pacifica, California on March 25, 2013 (Robert Galbraith/Courtesy Reuters). A police vehicle escorts visitors through one of two tunnels that will replace a stretch of California's Highway 1 near Pacifica, California on March 25, 2013 (Robert Galbraith/Courtesy Reuters).

Advocates for more U.S. transportation spending are accustomed to discouraging news. So it is understandable they would claim a resounding victory when a handful of (small) “can-do” states manage to buck the national trend and raise taxes and revenues dedicated to transportation spending. More private dollars than ever before are being funneled into infrastructure projects, too. But the underlying, fundamental problem remains: the federal government and the vast majority of states are failing to raise enough public funds to pay for upkeep on the nation’s road and highway system, not to mention make new capital investments. Read more »

How to Win Over GOP on Immigration

by Renewing America Staff Tuesday, August 6, 2013

Though many declared the Senate’s immigration bill dead on arrival in the House, Edward Alden writes that prospects for big bipartisan agreement may not be out of reach. For CNN.com, he writes that to get across the finish line, both parties should emphasize areas of agreement, not waste time on those who won’t vote for reform, emphasize that this bill will outlast the Obama administration, demand performance accountability, and prioritize the issue of the undocumented population.

Critics Are Wrong About the Medicare Payment Board

by Renewing America Staff Thursday, August 1, 2013

For Bloomberg, CFR adjunct senior fellow Peter R. Orszag responds to growing opposition to the Independent Payment Advisory Board. Created as part of the Affordable Care Act, the purpose of the board is to create a process to tweak the evolving Medicare payment system in response to incoming experience and data, allowing for more flexible testing of new payment structures than turning to Congress for legislation. Orszag states that many critics do not grasp the core rationale for the program and do not realize it will allow them to actually reach their objective of shifting away from fee-for-service payment.