The core of any deal to address Puerto Rico’s imminent debt default long has been clear: strong fiscal oversight, paired with powerful tools to facilitate a necessary debt restructuring. But oversight should not overreach, and the new restructuring tools should respect the differences created by existing contracts. The legislation (PROMESA) that emerged from the House achieves the needed balance; it needs to pass the Senate quickly.
In the wake of the horror in Orlando, discussion has once again focused on the idea of placing a 'ban' on all Muslims entering the United States. The idea is to keep Muslims out of America and to go further by banning all entrants from countries with a "proven history of terrorism" against this country.
Benn Steil’s June 24 op-ed on the PBS NewsHour Making$ense site, co-authored with Emma Smith, shows the strong relationship between consumer confidence and presidential elections going back to 1952. Current readings suggest an 80% chance of a Clinton victory, but the Brexit aftermath threatens to knock that down significantly.
The British vote to leave the European Union may come to be seen as a tipping point in global politics, perhaps more consequential than anything since the fall of the Berlin Wall. It may mark the moment when Europe comes face to face with its own constitutional dysfunction, when the idea of the “West” finally ceases to be plausible and when the United States is confirmed in its sense that its interests lie more in Asia than in its traditional Atlantic sphere of influence.
Ambassador Robert Blackwill discusses the rise of geoeconomics in modern statecraft. Blackwill argues that the United States, historically a geoeconomic powerhouse, is no longer adept at pursuing its national interests through the use of geoeconomic instruments, and suggests a path to restore geoeconomics to its rightful role in American grand strategy.
I do not believe that foreigners contribute usefully by issuing strong opinions about how a country’s citizens, or those of a larger unit like the European Union, should decide when faced with an important political choice. Our insights, based on international experience, may sometimes be helpful; but there should never be any confusion about the asymmetry of roles.
The massive “Lava Jato” (car wash) corruption scandal cut a wide swath across the Brazilian political landscape, contributing to public outcry against President Dilma Rousseff. Brazil’s Senate voted to suspend Rousseff in May, pending her impeachment trial on alleged budgetary improprieties.
Few things make professors happier than thinking that the public has finally begun to agree with them. No surprise, then, that John Mearsheimer of the University of Chicago and Stephen Walt of Harvard open their article in Foreign Affairs—in which they propose a new “grand strategy” for the United States—by observing that “[f]or the first time in recent memory, a large number of Americans” are saying they want the same thing.
In this article, Cohen discusses the preparations in advance of the UNCLOS tribunal’s ruling by parties and non-parties in the South China Sea disputes including China, the Philippines, Taiwan, and the United States.
“British citizens will be voting on June 23 on a question that will affect not just the future of Europe, but also the future of the United States, argues CFR President Richard N. Haass in the American Interest.”
An isolationist bent to British politics, what Sebastian Mallaby refers to as “little Englandism,” is not new to the British political tradition. While this perspective has long been counter-balanced by a Gladstonian internationalism, debates around Brexit have been conspicuously devoid of such idealism, speaking in a language that appeals only to pocketbooks rather than to common decency.
Earlier this week, Prime Minister Narendra Modi of India visited President Obama, marking his second visit to the White House in two years. Like his two immediate predecessors, Obama has made special efforts to expand ties with India.
Philip Gordon, along with James Dobbins and Jeffrey Martini of RAND, discusses how Syria could decentralize power in order to reduce violence and save lives while the parties work toward a more comprehensive long-term transition.
India now matters to U.S. interests in virtually every dimension. This Independent Task Force report assesses the current situation in India and the U.S.-India relationship, and suggests a new model for partnership with a rising India.
Rates of heart disease, cancer, diabetes, and other noncommunicable diseases (NCDs) in low- and middle-income countries are increasing faster than in wealthier countries. The report outlines a plan for collective action on this growing epidemic.
Learn more about CFR’s mission and its work over the past year in the 2015 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »
The Summer 2016 issue of CFR's member newsletter, the Chronicle, is a guide to CFR's most important news since July 2016, and includes announcements about new programs, partnerships, fellows, meetings, publications, and members. Read it now.
Now Available: Foreign Policy Begins at Home
The biggest threat to America's security and prosperity comes not from abroad but from within, writes CFR President Richard N. Haass in his provocative new book. More