Eileen Claussen, president of the Pew Center on Global Climate Change, says U.S. domestic climate legislation might pass in 2010, after Congress deals with health care reform. But a global climate agreement, set to be discussed in Copenhagen in December 2009, is dependent on U.S. policy, she says.

Jeb Bush says action by Congress on immigration reform faces more favorable conditions than previous attempts, but the complexity of the reforms needed remain a challenge.

Gillian Tett of the Financial Times assesses the new U.S. plan for regulating derivatives markets and says regulators must balance the need to create transparency against the risk of stifling financial innovation.

CFR's Roger Kubarych gauges what the results of much anticipated stress tests will mean for the future of the U.S. banking industry.

CFR's Sebastian Mallaby says the G-20 summit could mark the beginnings of a profound shift in global financial regulation. But he says challenges lurk in the way the IMF is funded and how it monitors economic governance.

CFR economic expert Sebastian Mallaby credits President Obama with highlighting the long-term structural reforms needed to repair the U.S. economy and competitiveness, but says the scope of reforms may be too ambitious.

Award-winning historian Walter Russell Mead says, "The key political question of the twenty-first century is, 'How does the U.S.-China relationship develop?'"

Elizabeth Economy, CFR's director of Asian Studies, says that China's economy is now "losing steam very quickly" and that the "global economic crisis is going to make it much harder for China to address its own domestic economic problems."

CFR's Peter Kenen discusses the current financial crisis and what will come of the upcoming international financial summit.

CFR President Richard N. Haass, who worked on previous presidential transitions, says that given the current world situation, he believes the first priority for President-elect Barack Obama lies in "the financial and economic side," and that "the near-term foreign policy challenges are probably Iran, Afghanistan, Pakistan, [and] a little bit of Iraq."

Daniel Markey, a former State Department specialist on South Asia, says Pakistan "is going through another series of really tough times" brought on by the economic downturn that has hit the country, and by the continuing problems fighting the Taliban and al-Qaeda.

The Financial Times' Martin Wolf argues that massive accumulations of currency reserves enabled housing bubbles in developed economies and sparked the current financial crisis. The shakeout, Wolf says, could take years.

Shantayanan Devarajan, chief economist of the World Bank's Africa region, discusses how Africa will be affected by the global financial crisis.

David Rubenstein, founder of the private equity firm the Carlyle Group, sees more pain ahead for global markets. He says the "entire economic construct" of recent decades may have to undergo radical change before the present crisis subsides.

Anne-Marie Slaughter, dean of Princeton's Woodrow Wilson School, discusses the long-term geopolitical implications of the financial crisis.

The UN special envoy on climate change for Papua New Guinea discusses the implications the financial crisis has for international efforts on climate change.

Economist Nouriel Roubini argues the $700 billion U.S. bailout bill will not alleviate frozen credit markets in the short term and encourages a series of steps to alleviate the current crisis.

Maurice R. Greenberg, the former chairman and CEO of the embattled insurance giant AIG, discusses what will be needed to stabilize the firm's operations.

CFR’s Benn Steil examines proposals for a regulatory overhaul of the U.S. financial system put forth by Treasury Secretary Henry Paulson.