Economics

Primary Sources

Remarks By Ambassador Froman on the Strategic Importance of Trans-Pacific Partnership

Author: Michael B.G. Froman

U.S. Trade Representative Ambassador Michael Froman spoke on September 18, 2014, at the U.S. Chamber of Commerce and Center for Strategic and International Studies Symposium. He discussed the Trans-Pacific Partnership (TPP) as a major component of the Obama administration's trade platform and of the rebalance to Asia.

See more in United States; Asia and Pacific; Trade; Grand Strategy

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