Co-authors of the Simpson-Bowles deficit-reduction plan along with two former Federal Reserve Chairmen and others will sit down for a discussion on the major fiscal policy shifts expected in Washington as a result of the upcoming "fiscal cliff."
Former Federal Reserve Chairs Paul Volcker and Alan Greenspan along with National Fiscal Commission Co-Chairs Alan Simpson and Erskine Bowles will be joined by National Economic Council Director Gene Sperling and Congressman Chris Van Hollen. Former Office of Management and Budget Director Peter Orszag will also participate in the discussion.
According to the event organizers, the Peterson Foundation, "If all of the [sequestration] changes are allowed to proceed, future budget deficits would be substantially reduced. However, the nonpartisan Congressional Budget Office has forecast that the economy would be thrown into recession in 2013."
In a forum titled "Post-Election: The Fiscal Cliff and Beyond," the panel will discuss potential paths forward within the context of current political and economic challenges. In the post-election environment, the group will also highlight their top policy priorities for the new Congress and incoming Administration.