Legislative battles in Washington over once pro-forma actions on debt and transport infrastructure have raised deep concerns over the government's ability to enact sustained job-building and economic-recovery programs--and undergird U.S. competitiveness.
CFR's Director of Studies James Lindsay and Director of the International Institutions and Global Governance Program Stewart Patrick preview major world events in the week ahead.
In this week's podcast: The United States is expected to run out of money to pay its bills unless an agreement is reached on raising the debt ceiling; Ousted Egyptian president Hosni Mubarak stands trial in Cairo; and senior U.S. and North Korean diplomats hold 'explanatory' talks
The U.S. debt ceiling and deficit debate has led to challenges on foreign aid spending, but while aid could be leaner and more effective, CFR's Stewart Patrick argues Congress should look to consolidate programs rather than simply cut them.
C. Fred Bergsten interviewed by Christopher Alessi
While Congress is likely to raise the U.S. debt ceiling ahead of the August 2 deadline, lawmakers will still need to hash out a long-term deficit-reduction package to avoid market disruption and preserve U.S. global standing, says economist C. Fred Bergsten.
The current level of political dysfunction and ideological polarization in Congress is beyond the norm. A broken legislative branch risks plunging the United States into an economic catastrophe and damaging the nation's global standing, writes Norman Ornstein.
A new proposal by the bipartisan "Gang of Six" to reduce deficits by nearly $4 trillion could gain traction among House Republicans, with polls showing greater public support for raising the debt ceiling as the August 2 deadline approaches, says CFR's Sebastian Mallaby.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.