"America's borrowing costs are on the cusp of exceeding the rest of the world for the first time since 2010 after a political stalemate over public funding triggered a 16-day government shutdown and jeopardized the nation's ability to pay its debt. Yields on Treasuries, which averaged less than 1 percent as recently as May, are now within 0.2 percentage point of the 1.57 percent for sovereign debt outside the U.S., according to Bank of America Merrill Lynch indexes."
Asked by Justin McDowell, from Minnesota State University Moorhead
Counterinsurgency (COIN) operations will continue to be a viable option in future conflicts, particularly given rising instability in areas of interest to the United States and its allies. However, the relative feasibility and ability to support large COIN operations is very much in question.
Peter Orszag and John Bridgeland argue that the federal government needs to do a better job of figuring out what programs work, giving more funding to the programs that are effective, and cutting funding from that programs that are not.
Michael Spence argues that continued U.S. debt ceiling brinkmanship will reinforce perceptions that American politics are helplessly parochial, encourage other nations to diversify away from holding U.S. sovereign debt, and accelerate the decline of America's global economic influence.
After Congress passed a budget and raised the debt ceiling after a sixteen day government shutdown, President Obama spoke on three agenda items: passing a budget, reforming immigration, and subsidizing farms.
Because a binding U.S. debt ceiling creates constitutional contradictions that cannot be resolved in a non-destructive way, Martin Wolf writes that the debt ceiling is too dangerous a law to remain on the books.
Stephen P.A. Brown and Mine Yücel examine how changes in U.S. oil and natural gas production may affect individual state economies, showing that some of the states providing new energy resources are becoming less economically diversified and more economically vulnerable to energy price declines.
"For the last fiftyyears, Washington has assumed the scientific dominance of the US. This assumption is now in question as scientific capabilities become more widely distributed," especially to China, writes Adam Segal.
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.