How Obama’s Reelection Could Shape Budget Talks

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.