At NYU Wagner event, OMB Director Orszag describes remedies for U.S. deficit [Video]
Peter Orszag, Director of the federal Office of Management and Budget (OMB)
Peter Orszag, Director of the federal Office of Management and Budget (OMB), talked about the enormous U.S. budget deficit, its primary causes, and its potential implications for health care, higher education, and the career prospects of younger people in an address November 3rd at New York University sponsored by the Robert F. Wagner Graduate School of Public Service. Orszag was introduced by John Sexton, NYU's President, and Ellen Schall, the Dean of NYU Wagner, who served as the event's moderator and in her opening remarks noted that Orszag was the youngest member of President Barack Obama's cabinet.
Last year, Orszag told the audience of more than 400 people at NYU's Kimmel Center, the federal deficit was $1.4 trillion ,and a comparable budget gap is projected for the present fiscal year. Over the next decade, he said, the federal government is projected to generate additional red ink of $9 trillion. "Deficits of this size are serious and ultimately unsustainable," Orszag said.
The event was broadcast live by Fox Business while generating a significant amount of public interest and media coverage. To read an official text of the speech or view the NYU webcast, click on the links below.
Banking the World: Empirical Foundations of Financial Inclusion - Jonathan Morduch
Jonathan Morduch, professor of public policy and economics at NYU Wagner, has co-edited a new collection about the world’s vast “unbanked” population. The book, Banking the World: Empirical Foundations of Financial Inclusion, examines how to realize the goal of extending banking and other financial services to the estimated 2.5 billion people, just over half the adult population globally, who lack them. It. is published by The MIT Press and can be ordered here.
Morduch, a contributor to the volume, is the executive director and co-founder of the Financial Access Initiative, an inter-university research center housed at the Wagner school. The full gamut of essays explore such topics as the complexity of surveying people about their use of financial services; evidence of the impact of financial services on income; and the occasional negative effects of financial services on poor households, including disincentives to work and over-indebtedness. Along with Murdoch, the book's co-editors include Robert Cull and Asli Demirglic-Kunt.
About the Editors:
Robert Cull is a Lead Economist in the Finance and Delivery Private Sector Development Team of the World Bank’s Development Research Group. Asli Demirgüç-Kunt is Director of Development Policy in the World Bank’s Development Economics Vice Presidency and Chief Economist of the Financial and Private Sector Development Network (FPD).
Asli Demirguc-Kunt is Senior Research Manager, Finance and Private Sector, in the World Bank's Development Economics Research Group. She is the coeditor of Financial Structures and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development (MIT Press, 2001).
Jonathan J. Morduch is Professor of Public Policy and Economics at New York University’s Robert F. Wagner Graduate School of Public Service. He is the coauthor of The Economics of Microfinance (MIT Press) and Portfolios of the Poor: How the World's Poor Live on $2 a Day.
Bill Clinton counselor's latest assignment - teaching at Wagner
Politico.com's "Playbook," a roster of the latest DC news and happenings compiled by reporter Mike Allen, included the following item on January 19 about NYU Wagner's Adjunct Assistant Professor of Public Administration Doug Band:
"ALUMNI NEWS: After conceiving and building the Clinton Global Initiative, Clinton counselor/consigliere/post-presidency architect Doug Band recently joined the NYU staff as an adjunct professor and will use his nearly 16 years working for the Clintons to teach a public service, policy and politics course (despite earning his master's and law degrees from Georgetown). Doug also serves on the international advisory board for Coca-Cola, and on the Oklahoma City National Memorial and Vote Vets boards, all while still running Clinton, Inc., helping heads of state around the world transition out of office, and raising his son Max, who recently turned one (and has started walking), with his wife Lily in NYC."