Economics

News Release

U.S. Faces Painful Choices to Reduce Debt Burden, Warns New CFR Scorecard

The U.S. debt-to-GDP ratio has nearly grown to the Group of 7 (G7) average, a dramatic increase from 2000 when it was lower than most other G7 countries, according to a new progress report and scorecard from the Council on Foreign Relations Renewing America initiative. At its current rate, the U.S. debt-to-GDP ratio will be higher than all G7 countries except Japan by 2040.

See more in United States; Budget, Debt, and Deficits

Research Links

Debt and Deficits

What's the difference between debt and deficit? What does the "fiscal cliff," a combination of tax increases and spending cuts, mean for deficit reduction? Research Links on Debt and Deficits provides news, research, data, and proposed solutions on debt and deficit in the United States (local and federal) and international comparisons.

See more in Financial Crises; United States; Budget, Debt, and Deficits

Primary Sources

Documents on the U.S.-Africa Leaders Summit and the 13th Annual AGOA Forum

During August 4-6, 2014, President Barack Obama convened the U.S.-Africa Leaders Summit, the largest gathering of African heads of state and governments ever assembled by a U.S. President. Fifty-one leaders focused on sustainable development, trade, collaboration, investment, and America's commitment to Africa's security, its democratic development, and its people. The summit took place during the same time as the 13th Annual African Growth Opportunity Act Forum.

See more in Africa (sub-Saharan); United States; Trade; Diplomacy and Statecraft