With the federal debt at $16 trillion, the fate of the nation’s cities stands at a crossroads. While cities like New York appear to be doing better than ever, a rising tide of poverty and inequality threatens to undermine their progress. Meanwhile, a large group of second-tier cities, from Detroit and St. Louis to Stockton and San Bernardino, are besieged as never before. How will the mushrooming national debt and looming federal austerity regime affect these trends? Will austerity exacerbate the division between successful and struggling cities?

Remarks from: Gavin Newsom, Lieutenant Governor of the State of California; former mayor of San Francisco
Followed by a conversation with:
Robert Doar, Commissioner, New York City Human Resources Administration
Catherine Rampell, founder and editor, Economix blog, The New York Times
Daniel Lurie, CEO and founder, Tipping Point
Moderated by: Jeff Smith, assistant professor of Politics and Advocacy, Urban Policy, Milano School of International Affairs, Management, and Urban Policy, The New School

This event was held on On September 27, 2012, and sponsored by the Center for New York City Affairs and The New School for Public Engagement.