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Must Read

CRS: The American Taxpayer Relief Act of 2012: Modifications to the Budget Enforcement Procedures in the Budget Control Act

Author: Bill Heniff Jr.

The BCA established an automatic process to reduce spending, partially entailing a sequester of budgetary resources, if Congress did not pass and the President did not sign, by January 15, 2012, legislation reducing the deficit by $1.2 trillion over the FY2012-FY2021 period. No such legislation was enacted by the deadline. Therefore, the automatic spending reduction process was triggered.

See more in United States, Defense Policy and Budget

Essential Documents

Vice President Biden's Remarks at the Munich Security Conference, February 2013

Vice President Joe Biden presented these remarks at the Munich Security Conference on February 2, 2013. He discussed developments in American foreign policy and international security over the last four years, regarding Iraq and Afghanistan, Iran's nuclear program, the global financial crisis, counterterrorism, and the relationship between the United States and Russia.

See more in Europe/Russia, International Peace and Security

Article

The People's Republic of Hacking

Author: Adam Segal
Foreign Policy

Adam Segal says the recent Chinese cyberattacks on Bloomberg and the New York Times highlights both the willingness of Beijing to shape the narrative about China, as well as the vulnerability the top leadership feels about how they are portrayed.

See more in China, Cybersecurity

Backgrounder

U.S.-Cuba Relations

Authors: Stephanie Hanson and Brianna Lee

Despite changes in both U.S. and Cuban leadership since early 2008, experts do not anticipate any normalization of U.S.-Cuba relations in the near to medium term.

See more in Cuba, Diplomacy

Op-Ed

The BoE Is Getting "Libored"

Authors: Benn Steil and Dinah Walker
Wall Street Journal Europe

Benn Steil's Wall Street Journal Europe op-ed, co-authored with Dinah Walker, argues that the Bank of England is getting "Libored"—that is, misled and manipulated—by the banks benefiting from its Funding for Lending Scheme. The Fed, which has shown interest in the scheme, should beware.

See more in United States, U.K., Economics, Capital Markets, Financial Crises, Geoeconomics, International Finance

Must Read

London Review of Books: In Search of Monsters

Author: Stephen Smith

Jihadists were already finding it hard to operate in North Africa before the Arab Spring of 2011. Since then their problems have become almost insurmountable: they thrive only in countries where Islamists are in prison, not where they are in the ascendant or contesting elections. As for Europe, the last attacks instigated by al-Qaida date back to Madrid in 2004 and London in 2005. Jihadism looks less like a rising phenomenon in the north of Mali than a force in retreat. The French intervention may well give them purpose and greater coherence.

See more in Mali, France, Havens for Terrorism

Interview

Political Pivot in Israel?

David Makovsky interviewed by Bernard Gwertzman

Prime Minister Benjamin Netanyahu will seek to form a big-tent coalition that could signal a new inward focus at a time of increasing tumult in the Mideast, says expert David Makovsky.


See more in Israel