The government shutdown was averted in a last-minute deal, but the details remain to be worked out, and now a contentious vote to raise the nation’s debt limit looms. Meanwhile, President Obama is expected to deliver his broad plan on raising revenue and reforming entitlements in the same week that Rep. Paul Ryan’s FY 2012 budget blueprint is expected to pass the House. What’s the political fallout from the budget battles? Can either party claim the edge, or does everybody lose?
On April 13, William Galston answered questions in a live chat on budget and debt politics, moderated by Seung Min Kim of POLITICO.
In their recent book, “The New Localism,” Bruce Katz and Jeremy Nowak argue that cities and counties will be tested as never before in the coming years. They will need to innovate and reform—to pursue new strategies for growth and finance—in a fiscal environment dominated by rising health-care and pension costs. In these circumstances, the quality of metropolitan governance will matter more than ever.