Quote of the Day: Barack Obama on the fiscal cliff deal

The US president on why the country must avoid excessive cuts.

We can't simply cut our way to prosperity...we're going to have to continue to move forward in deficit reduction, but we have to do it in a balanced way, making sure that we are growing even as we get a handle on our spending.

George Osborne could learn a thing or two from Barack Obama.

Barack Obama leaves the Oval Office to board Marine One and return to his family holiday in Hawaii in the early morning hours of 2 January. Photograph: Getty Images.
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The NS Podcast #164: Summer, splits and social mobility

The New Statesman podcast.

This week, Helen and Stephen explore Jeremy Corbyn’s appeal among different parts of the Labour membership, discuss Sarah Champion's return to the shadow-cabinet, and question the value of social mobility as an aim for the Left. You also ask us: When will Labour’s turmoil end? And what do we think about More United? (Helen Lewis, Stephen Bush).

You can subscribe to the podcast through iTunes here or with this RSS feed: http://rss.acast.com/newstatesman, or listen using the player below.

And if you're craving yet more NS podcastery, you can watch Helen and Stephen host a live recording at this summer's London Podcast Festival. Tickets available here

Want to give us feedback on our podcast, or have an idea for something we should cover?

Visit newstatesman.com/podcast for more details and how to contact us.