One of those advising the president in his quest to fix America's finances, is economist Alice Rivlin. She has an impressive list of credits: in 1975, she was the founding director of the Congressional Budget Office, she has been vice-chair of the Federal Reserve Board, and under President Bill Clinton she was director of the White House Office of Management and Budget.

 

In 2010, President Obama called on Dr. Rivlin to help with the nation's financial recovery. She became a member of the National Commission on Fiscal Responsibility and Reform.

 

Michael Enright talks with Alice Rivlin from Washington where she is Senior Fellow in the Economics Studies Program at the Brookings Institution.