In this piece, Lauren Bauer presents new evidence that almost 18 percent of children in the US did not have sufficient food as recently as the third week in June during the COVID-19 pandemic, meriting a substantial and immediate public investment.
In this piece, Lauren Bauer presents new evidence that almost 18 percent of children in the US did not have sufficient food as recently as the third week in June during the COVID-19 pandemic, meriting a substantial and immediate public investment.
During the COVID-19 pandemic, broad-based income support through both direct checks and unemployment insurance have been essential in limiting the income losses. However in this blog post, Jana Parsons shows that more can be done to provide relief for families in need, with TANF as a key and underutilized part of the solution.
Lauren Bauer and Diane Whitmore Schanzenbach detail policy responses tailored to the COVID-19 pandemic to support food security, particularly for households with children.
Hamilton Project Director Jay Shambaugh comments on the COVID-19 virus and how economic policies with automatic triggers can alleviate the financial burden of the epidemic.
There is no single explanation for the vulnerability of American workers today, but one crucial trend is the erosion of private-sector union membership. The Hamilton Project takes a closer look at the decline in union coverage, and identifies opportunities to reinforce existing rules or enhance the framework governing collective bargaining.
Where is employment growing the fastest? In this analysis, The Hamilton Project uses its own Vitality Index to assist in comparing job growth across places since the depths of the recession.
In a new analysis, Ryan Nunn, Jana Parsons and Jay Shambaugh highlight a new Hamilton Project interactive that shows where and how places are thriving—or struggling—throughout the United States. They find that gaps across places today are large and meaningful for economic outcomes.
The modern distribution of black Americans closely relates to the historical patterns of the black population. Jay Shambaugh, Ryan Nunn and Stacy A. Anderson reflect on how U.S. policies have shaped where people live and the opportunities people have in those communities.
Following the announcement of a plan to reform SNAP rules, Fellow Lauren Bauer offers analysis suggesting that strict enforcement of work requirements will sanction not only those who are able to work but choose not to—but also those who are unable to work, unable to find work or prove that they have met the requirement.
Despite improvements across a number of economic indicators, rates of child experience of and exposure to food insecurity have failed to see reductions in the past three years. In this analysis, Lauren Bauer and Diane Whitmore Schanzenbach explore the various ways children experience food insecurity, as well as its impacts nationwide from pre-recession to today.
In their new analysis, Jay Shambaugh, Ryan Nunn, and Jana Parsons explore the national trend of declining worker mobility and migration, particularly the lack of low-income workers and families moving to higher performing places.
As federal and state policymakers continue to seek solutions to bring more Americans into the workforce, such as imposing and expanding work requirements on millions of safety net participants, Lauren Bauer and Jay Shambaugh explore the question: just how many more safety net beneficiaries can reasonably be expected to return to the workforce and secure consistent work?
If the labor market is showing signs of strength, why is there nearly zero growth in wages after adjusting for inflation? In this commentary, Ryan Nunn and Jay Shambuagh identify four plausible explanations for slow wage growth.
The U.S. Census Bureau recently reported that 39.7 million Americans experienced poverty last year. In this commentary, Lauren Bauer takes a closer look at the numbers and argues for a job market that delivers more full-time positions, increases the wage returns to work, and maintains safety net programs.
Millions of Americans could lose their SNAP benefits if Congress adopts additional work requirements that mandate SNAP beneficiaries work at least 20 hours per week. Lauren Bauer and Diane Whitmore Schanzenbach argue that work requirements will burden those already in the labor market, especially SNAP recipients who shift between full-time and part-time work due to labor market volatility.
Food insecurity is associated with negative educational outcomes and declining physical health in children. In this blog post, Lauren Bauer documents the current state of food insecurity among families with children and offers policy solutions drawn from recent Hamilton Project reports.
SNAP purchasing power varies significantly with location, leaving some families vulnerable to food insecurity and negative child outcomes. In this blog post, Hilary W. Hoynes and James P. Ziliak argue for a geographic adjustment to the maximum benefit calculation in order to improve child health and reduce food insecurity.
Lauren Bauer and Diane Whitmore Schanzenbach provide an update on the state of food insecurity in the U.S., noting that despite economic growth across the country, food insecurity among households with children is still above its pre-recession level.
In President Trump’s 2019 budget, he proposes changes to the Supplemental Nutrition Assistance Program (SNAP) that would significantly reduce the efficiency and efficacy of the program. In this blog post, Lauren Bauer draws on previous Hamilton Project research to make the case for increasing SNAP benefits and providing rebates on healthy food.
In this op-ed, Hamilton Project Director Jay Shambaugh explores the characteristics of poverty in the United States.
For many children, summer vacation evokes images of their favorite foods: backyard barbecues, fresh farmer’s market produce, s’mores by the campfire and frozen delights from the ice cream truck. However, for the 13 million children in America living in food-insecure households — homes lacking the adequate resources to purchase the food needed for an active, healthy lifestyle — summer vacation offers less relief than it does hunger and uncertainty. In this op-ed, Schanzenbach discusses ways each of us can help to make sure children don't go hungry this summer.
In this blog, The Hamilton Project examines how food insecurity affects children in the United States and policies that can help alleviate this problem.
In this Washington Post opinion blog, Hamilton Project Director Diane Whitmore Schanzenbach and Heritage Foundation Senior Research Fellow Robert E. Rector debate whether the Trump Administration's proposed cuts to the Supplemental Nutrition Assistance Program are justified.
In this op-ed, Hamilton Project Policy Director Ryan Nunn revisits a old policy proposal by economists Shavell and Weiss that would change the payment structure of unemployment insurance benefits in order to improve the functioning of this important labor market institution.
In this op-ed, Hamilton Project Director Diane Whitmore Schanzenbach addresses whether the government should control how beneficiaries of the Supplemental Nutrition Assistance Program spend their benefits.
In order to address poverty, we must know who is poor and how the composition of who is poor is changing. This analysis describes who was living in poverty in the U.S. in 2015 and how that changed from the prior year. The Hamilton Project offers an update to the economic analysis "Who is Poor in the United States" drawing on recently released data regarding poverty in America.
In a recent Wall Street Journal op-ed, former U.S. Treasury Secretary Robert E. Rubin and Hamilton Project Director Diane Schanzenbach argue that the Supplementary Nutrition Assistance Program (SNAP) and other federal food aid programs are not just a moral imperative, but also make good economic sense.
The persistent and troubling problem of food insecurity impacts a wide range of Americans, including the struggling lower-middle class, and has far-reaching implications for Americans’ health and economic security. Fortunately, the Supplemental Nutrition Assistance Program (SNAP) reduces food insecurity and very low food security, lifts millions of Americans out of poverty, and improves the health and financial well-being of program participants in the near- and long-term.
Rising life expectancy, combined with the risk of health shocks that will require spending huge sums of money on long-term services and supports, makes retirement planning a daunting challenge.The Hamilton Project previews upcoming papers and an event about retirement security.
High rates of crime and incarceration impose tremendous costs on society, with lasting negative effects on individuals, families, and communities. Although crime rates in the US have been falling steadily, they still constitute a serious economic and social challenge.
"As an economic matter, the cost of inaction or delay is far greater than the cost of action" on climate change, said U.S. Treasury Secretary Jacob J. Lew in a forum hosted by The Hamilton Project yesterday. Secretary Lew was joined by former Treasury Secretary Robert E. Rubin, co-chair of the Council on Foreign Relations, and Michael Greenstone, The Milton Friedman Professor in Economics and Director of the Energy Policy Institute at the University of Chicago, to explore the economics of climate change, and the potential costs of inaction to reduce greenhouse gas emissions.
James P. Ziliak explores new legislation introduced this week that would dramatically reform government subsidies for child care, and compares it to his recent Hamilton Project proposal where he suggests comprehensive reforms to the Child and Dependent Care Credit (CDCC). Ziliak believes both approaches would offer tremendous benefit to working families.
In a blog post originally posted by Brookings Now, Fred Dews and Eline Saxena of Brookings highlight key features of President Clinton's keynote remarks at The Hamilton Project's anti-poverty summit.
A new Hamilton Project blog post provides an overview of the poverty crisis facing America, and the implications of poverty for America’s economic and social well-being. Editors Melissa S. Kearney and Benjamin H. Harris also preview the forthcoming volume, Policies to Address Poverty in America, in which 14 policy proposals confront specific challenges of poverty.
Each month, The Hamilton Project examines the “jobs gap,” which is the number of jobs that the U.S. economy needs to create in order to return to pre-recession employment levels while absorbing the people who enter the labor force each month. As of the end of May, our nation faces a gap of 7.0 million jobs.
In his latest column for The New York Times, Eduardo Porter highlights the growing costs of crime and incarceration in the United States, citing new work from The Hamilton Project.
THP explores the nation’s “jobs gap,” or the number of jobs needed to return to pre-recession employment levels. As of the end of March 2014, our nation faces a jobs gap of 7.4 million jobs. The pdated state-by-state numbers for February 2014 are also available.
Senate Budget Committee Chairwoman Patty Murray introduced the "21st Century Worker Tax Cut Act" to establish a new deduction for married couples who are both employed and have young children, and to increase the earned income tax credit (EITC) for childless workers.The Act would implement the policies introduced by two Hamilton Project proposals designed to help “make work pay” by allowing low- and middle-income families keep more of what they earn.
In a new policy memo, The Hamilton Project highlights four policy challenges hampering the economic potential of wireless spectrum and opportunities to address these challenges through innovative, evidence-driven approaches to reform.
As of the end of February 2014, our nation faces a jobs gap of 7.5 million jobs. This chart shows how the jobs gap has evolved since the start of the Great Recession in December 2007, and how long it will take to close under different assumptions for job growth. If the economy adds about 208,000 jobs per month, which was the average monthly rate for the best year of job creation in the 2000s, then it will take until September 2018 to close the jobs gap. Given a more optimistic rate of 321,000 jobs per month, which was the average monthly rate of the best year of job creation in the 1990s, the economy will reach pre-recession employment levels by September 2016.
As President Obama releases his proposal for expanding the earned income tax credit, he cites Hamilton Project expert John Karl Scholz's proposal on the expansion of the EITC for low-wage, childless workers.
As of the end of January 2014, our nation faces a jobs gap of 7.6 million jobs. The Hamilton Project updates our jobs gap calculator.
Wonkblog features two of THP Founder Robert Rubin's favorite graphs of the year, including The Hamilton Project's graph "Highest Educational Attainment of Family Head, by Income Relative to the Federal Poverty Level (FPL)."
Today in Business Insider, Mandi Woodruff discusses a new report, "The Economic Impacts of Tax Expenditures” in which researchers from Harvard University and the University of California-Berkeley compare upward mobility across different U.S. cities. She notes that the findings support data from many other reports, including The Hamilton Project’s latest policy memo “Thirteen Economic Facts about Social Mobility and the Role of Education,” which have emphasized the link between income inequality and social mobility. She notes that the policy memo drives “home the notion that access to education and a sound family structure also [gives] children the best shot at winding up better off than their parents.” To read the full story, click here.
The American Association of Community Colleges recently highlighted findings from The Hamilton Project employment analysis ,”Is Starting College and Not Finishing Really That Bad” as part of their “DataPoints” series. In the employment analysis, the examines whether starting college is worth it for students who fail to complete a degree. The findings show that students who complete “some college” earn about $100,000 more throughout their lifetime than their peers with only a high school education, and the rate of return to their investment exceeds the historical return on practically any conventional investment, including stocks, bonds, and real estate. AACC notes that the return on investment for an associate degree is more than three times higher than these conventional investments. To read the full piece, click here.
This week, Business Insider’s Laura Brothers and Wonkblog’s Dylan Matthews discussed The Hamilton Project’s latest employment analysis, “Is Starting College and Not Finishing Really That Bad?” In the analysis, the Project examines whether starting college is worth it for students who fail to complete a degree. The findings show that students who complete “some college” earn about $100,000 more throughout their lifetime than their peers with only a high school education. “Taking into account the cost of going to college for a certain period (1.83 years on average, for these students), the return on investment is significantly lower than that for bachelor’s degrees or professional degrees (a category which includes medical, law and dental degrees, but not PhDs or master’s degrees), but still higher than stocks, bonds, or any other conventional investment,” Matthews notes. To read the full Wonkblog story, click here. To read the full Business Insider story, click here.
In a recent article, The Associated Press’ Justin Pope discusses The Hamilton Project’s latest employment analysis, “Is Starting College and Not Finishing Really That Bad?” In the analysis, the Project examines whether starting college is worth it for students who fail to complete a degree. The findings show that students who complete “some college” earn about $100,000 more throughout their lifetime than their peers with only a high school education, and the rate of return to their investment exceeds the historical return on practically any conventional investment, including stocks, bonds, and real estate. Pope quotes Hamilton Project Policy Director Adam Looney who discussing the analysis said, “It is vastly better to get a college degree… But I think the evidence says that fears of dropping out, that there are big downside risks to trying it and not finishing it, I think those are overblown.” To read the full piece, click here.
In her latest Project Syndicate column, Advisory Council member Laura D’Andrea Tyson discusses the nation’s retirement system. Tyson highlights policies that would make saving easier and more financially rewarding, including better-targeted tax incentives, matching government contributions and state-wide retirement plans. In a recent, Hamilton Project paper, “Better Ways to Promote Saving through the Tax System” Karen Dynan explores the design of government incentives for personal savings, outlining how reforms to these programs would improve saving and economic security for low-income households and reduce expensive and ineffective federal subsidies for high-income households.
In a recent blog post for The Atlantic, Derek Thompson highlights a chart from The Hamilton Project employment analysis “The Marriage Gap: The Impact of Economic and Technological Change on Marriage Rates.” He discusses findings from the analysis that show marriage rates are declining for every income level except the top five percent. To read the full blog post, click here.
The latest episode of This American Life, “Trends with Benefits,” and a series of stories this week on NPR’s “All Things Considered” focus on the growing number of Americans receiving federal disability payments and what the increase says about the U.S. economy. The programs feature commentary from David Autor and Mark Duggan who co-authored The Hamilton Project paper, “Supporting Work: A Proposal for Modernizing the U.S. Disability Insurance System.” The paper discusses how the Social Security Disability Insurance (SSDI) program has failed to support the ongoing employment and economic self-sufficiency of workers with disabilities, leading to rapid growth in program expenditures and declining employment of Americans with disabilities. Autor and Duggan’s proposal offers a blueprint for reversing this needless employment decline and stemming the dramatic growth of the SSDI program. To read the full proposal, click here.
In a recent Washington Post column on federal budget negotiations, Ruth Marcus highlights several proposals from The Hamilton Project’s “15 Ways to Rethink the Federal Budget.” Marcus offers the proposals as “suggested reading” for policymakers and suggests that there are several ideas that could be appealing to both parties. Marcus features ““Transitioning to Bundled Payments in Medicare,” by Michael Chernew and Dana Goldman; “Restructuring Cost Sharing and Supplemental Insurance for Medicare,” by Jonathan Gruber; “Replacing the Home Mortgage Interest Deduction,” by Alan Viard; and “Better Ways to Promote Saving through the Tax System,” by Karen Dynan. To read the full piece, click here.
Last night on MSNBC’s “The Last Word,” Ezra Klein highlighted his top five proposals from The Hamilton Project’s “15 Ways to Rethink the Federal Budget.” Klein featured “The Many Benefits of a Carbon Tax,” by Adele Morris; “Transitioning to Bundled Payments in Medicare,” by Michael Chernew and Dana Goldman; “Limiting Individual Income Tax Expenditures,” by Diane Lim, “Funding Transportation Infrastructure with User Fees ,” by Tyler Duvall and Jack Basso; and “Making Defense Affordable,” by Cindy Williams. For more information on all fifteen policy proposals, or to download all the proposals in a single volume, either in PDF format or as a free ebook, click here. For the video clip, click here.
In a recent op-ed in the Financial Times, Advisory Council member Roger Altman discussed the need to avoid sequestration and provides steps policymakers should take to reach a deal. To read the full piece, click here. Altman will moderate discussion on the current state of the budget with three former directors of the Congressional Budget Office during part two of THP’s budget series on Feb. 26. For more information on the event, click here.
In a recent Huffington Post article, Jillian Berman quotes Hamilton Project Director Michael Greenstone on the economic condition of middle-class families. Greenstone notes that education policy should be priority for strengthening the middle class, stressing that America’s education system should be improved and people should be encouraged to stay in school. To read the full piece, click here.
In a recent opinion piece in the Financial Times, Advisory Council member Lawrence Summers calls for lawmakers to avoid focusing solely on deficit reduction and instead look for a “broader, growth-centered agenda” to help boost the U.S. economy. He discusses several steps that could help move toward this goal, such as spreading the budget cuts included in the sequester over time, and creating a year-end deadline to address certain aspects of corporate tax reform. To read the full piece, click here.
Advisory Council member Robert E. Rubin joined CNBC’s “SquawkBox” this morning to discuss the looming automatic budget cuts under the sequester, the current U.S. economy, the political environment in Washington and more. To see the full interview, click here.
In Project Syndicate, Advisory Council member Laura D’Andrea Tyson writes that there is reason to expect the nation’s economic condition to see modest improvements this year, but notes several risk factors. Tyson writes that the two greatest risks would come from a failure to raise the debt ceiling and “an additional round of fiscal contraction that stymies economic growth.” She writes that lawmakers have been focused deficit reduction and making the debt to GDP ratio sustainable, when they should be focused on a plan for faster growth. Read the full piece here.
In a recent opinion piece in the Washington Post, Advisory Council member Lawrence Summers writes that reducing the federal budget deficit should be prioritized but it should not “take over economic policy.” Summers writes that focusing on the debt could cause lawmakers to pursue policy measures that only provide cosmetic improvements in deficit reduction and while ignoring investments in areas such as preventative medicine that could have high returns in the long run. Read the full piece here.
In a recent column in the Wall Street Journal, Advisory Council member Alan Blinder argues that the impact of hitting the federal debt ceiling at the end of February would have worse consequences than going over the fiscal cliff. He writes that if the parties fail to reach a compromise to raise the debt limit would cause spending to shrink by 6% of GDP, sending the nation into recession, and likely to a second ratings downgrade and higher borrowing costs for years to come. Read the full piece here.
In a recent piece in Foreign Affairs, Advisory Council member Bob Greenstein outlines the key components of a sound plan to avoid the fiscal cliff. Greenstein argues that the fiscal cliff negotiations should focus both on protecting our economic recovery in the near term, while also promoting long-term growth, opportunity, and shared prosperity. He writes that though the U.S. needs to cut spending and increase revenues, lawmakers should do so responsibly and avoid hitting low-income working families with new taxes. To read the full piece, click here.
In Project Syndicate, Advisory Council member Laura D’Andrea Tyson discusses the challenges to achieving a balanced deficit-reduction plan that includes both increases in revenue and cuts to spending. Tyson says that despite the bipartisan support for a balanced approach, there has not been agreement on tax rates for high-income Americans. She highlights President Obama’s proposal to let 2001 and 2003 rate cuts for the top 2-3% of taxpayers be allowed to expire at the end of the year, while the rate cuts for other taxpayers are extended. She notes that Republicans want the rate cuts to be extended for all taxpayers, arguing that increases in top rates would discourage job creation. Tyson discusses recent research suggesting no link between tax cuts for high-income taxpayers and job creation, and highlights findings from a Hamilton Project paper, “A Dozen Economic Facts About Tax Reform,” which show that the federal tax system has become less progressive at the same time as the biggest tax cuts have gone to high-income Americans.
Advisory Council members Peter Orszag and Laura D’Andrea Tyson were among those discussing how President Obama’s reelection will affect budget negotiations going forward. Tyson, in an interview with Wall Street Journal Live, said the “key challenge is to find a way to avoid going over the fiscal cliff to provide time to really make a long-run deal.” Orszag in his Bloomberg column said the main obstacle will be determining how to handle the expiring Bush-era tax cuts and suggests that the Obama administration should have been working with one of three options over the past few months to move forward.
Advisory Council member Lawrence Summers on Friday discussed the fiscal cliff, the presidential election and other topics as a guest host on CNBC's Squawk Box. Watch the video here.
In a Washington Post opinion piece, Advisory Council member Lawrence Summers responds to the results of the annual IMF and World Bank meetings last weekend in Tokyo. Read the full piece here.
In the Financial Times, Advisory Council member Lawrence H. Summers argues that no matter who wins this November’s presidential election, the size and scope of the federal government will continue to increase due to a variety of factors, including demographic changes, accumulation of debt, and increases in the price of what government buys (such as hospital care and higher education).
In Financial Times, Advisory Council member Robert E. Rubin supports the European Central Bank’s proposal to buy sovereign bonds on the condition that countries accepting assistance from Eurozone bailout programs adopt ‘strict and effective conditionality.’
A New York Times opinion piece by Gretchen Morgenson focuses on the Securities and Exchange Commission and calls for more disclosure in the muni bond market, highlighting a Hamilton Project discussion paper by Andrew Ang and Rick Green as a promising path forward.
The Atlantic cites Hamilton Project data showing that earnings of single-parent families have dropped by twenty percent between 2007 and 2010.
In the Financial Times, Advisory Council member Lawrence H. Summers focuses on growing income inequality in the United States and puts forward several ideas for promoting greater equality of opportunity.
Midwest Producer covers The Hamilton Project’s recent immigration forum, which focused on the challenges and opportunities for immigration reform in today’s economic and political environment.
New American Media highlights a new Hamilton Project paper by Giovanni Peri of UC Davis proposing market-based reforms to America's immigration system.
Yesterday, The Hamilton Project hosted a policy forum focused on the challenges and opportunities for immigration reform in today’s economic and political environment.
Bloomberg’s Richard Rubin cites Hamilton Project data showing the impacts of reducing income tax rates on revenues and progressivity of the tax schedule.
A report released on Saturday at the convention of the American Association of Community Colleges details the problems plaguing our nation’s community colleges, including too few students completing their degrees, too many students entering remedial programs, and too few students enrolling in programs leading to available jobs. The
Hamilton Project Director Michael Greenstone conducted research as part of his work as professor of economics with MIT on the ability of clean cookstoves to improve health and environment in the developing world.
Bloomberg’s Businessweek cites a study by Hamilton Project Director and MIT Professor Michael Greenstone, Rick Hornbeck, and Enrico Moretti that showed when a manufacturing plant chooses to invest in a new country, it increases the productivity of other firms in the area.
The Atlantic cites Hamilton Project research demonstrating that the rate of return of a college degree to be greater than any other investment.
Hamilton Project Advisory Council member Roger C. Altman discusses the growing challenge of income inequality facing the United States and potential solutions.
Time Magazine cites Hamilton Project research showing that marriage rates have risen for the top ten percent of female earners, while rates have declined for women with lower earnings.
Both the National Journal and The Diane Rehm Show of National Public Radio focused today on declining marriage rates in the United States, highlighting the correlation between income levels and likelihood of marriage.
Part of yesterday’s White House announcement on new training proposals included a wage insurance provision for workers age 50 or older who obtain new, full-time employment at wages of less than $50,000. The Hamilton Project previously released two discussion papers dealing with wage insurance that can help inform this discussion.
The President’s newly announced Universal Displaced Worker Program draws directly from a Hamilton Project discussion paper, “Policies to Reduce High-Tenured Displaced Workers’ Earnings Losses Through Retraining,” by Louis Jacobson, Robert LaLonde and Danielle Sullivan.
CNN Money covers The Hamilton Project’s jobs gap, which shows how long it will take to return to pre-recession employment levels.
Advisory Council member Laura Tyson outlines her view that manufacturing growth is important for the United States economy in the Financial Times.
Hamilton Project Director Michael Greenstone is cited in a new piece for the Economist, describing his proposal for ensuring that more consistent and objective cost-benefit analysis is applied to regulations.
President Obama’s budget includes proposals to train our nation’s workers similar to plans put forward by The Hamilton Project late last year.
WAMU’s DCentric blog pulls five facts about the marriage gap from The Hamilton Project’s recent analysis on the correlations between income and marriage.
In The New York Times’ Economix blog, Catherine Rampell highlights new Hamilton Project analysis showing the link between technology gains, globalization and marriage rates.
Fareed Zakaria cites The Hamilton Project's jobs gap, which shows the number of jobs that the U.S. economy needs to create to return to pre-recession employment levels while absorbing the 125,000 people entering the labor force each month.
Advisory Council member Laura D'Andrea Tyson discusses whether or not the economic recovery will continue at the current pace.
The New York Times’ Economix blog Catherine Rampell cites Hamilton Project research showing that the typical male college graduate earned about 12 percent less in 2009 than his counterpart did in 1969.
Ezra Klein discusses The Hamilton Project's analysis of the jobs gap, and the impact of the growth of the labor force on the length of the economic recovery.
In an overview of economists’ favorite charts of 2011, the Washington Post highlight’s The Hamilton Project’s “job gap.”
In The Financial Times, Advisory Council member Lawrence H. Summers outlines three suggestions to tackle rising inequality.
Advisory Council member Roger C. Altman discusses the European debt crisis and possible next steps on CNBC.