“Lawmakers should know that the potential for America to shift from a gradual, albeit unsustainable path to a sudden financial crisis is surely increasing,” writes Rebecca Patterson in a new New York Times article. Following Moody’s removal of triple-A rating for the federal government, Patterson warns that the United States is on rocky policy path due mostly to failures to reverse the growing US budget deficit.

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All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.