United States

Foreign Affairs Article

America’s Brewing Debt Crisis

Author: Robert E. Litan

“Although short-term debt poses one of the greatest threats to the financial stability of the United States, Dodd-Frank has done little to mitigate it. Fortunately, several experts have proposed ambitious ways of dealing with the problem, including expanding federal insurance of bank deposits, allowing the Federal Reserve to lend money to more firms in the case of a panic, and banning unregulated financial institutions from issuing runnable liabilities,” writes Robert E. Litan.

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

Article

The Costs of an American ‘No First Use’ Nuclear Doctrine

Author: Stephen Sestanovich
Wall Street Journal

The desire to leave an enduring legacy can inspire presidents to do great things — also foolish ones. That Barack Obama is considering a change in strategic doctrine, declaring that the U.S. would never use nuclear weapons first, is the subject of op-eds in the New York Times and Washington Post, of agreat video explainer in The Wall Street Journal, of countless news articles, and of cabinet-level controversy.

See more in United States; Nonproliferation, Arms Control, and Disarmament

Article

The TPP Debate Has Devolved Into Generalizations. What’s Actually in the Deal?

Author: Edward Alden
World Politics Review

U.S. President Barack Obama has promised to continue his push for Congress to approve the Trans-Pacific Partnership (TPP), despite firm opposition to the free trade agreement from both of the major candidates for president, including his former secretary of state, Hillary Clinton. “Right now, I’m the president and I think I’ve got the better argument,” he told reporters following a meeting Tuesday with Singapore’s prime minister, Lee Hsien Loong.

See more in United States; Trade; Treaties and Agreements