New electoral currents in Europe are threatening the German-backed fiscal responsibility pact and sparking fresh fears of debt contagion, says CFR’s Sebastian Mallaby.

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 m…

Markets’ reaction to the sovereign debt crisis in Greece and other European countries suggests global governments "have used up all their ammunition to boost global growth," and could be punished by …

The 2001 law that authorized the U.S. war against al-Qaeda and its affiliates is not an appropriate justification for the offensive against ISIS and other emerging terrorist groups, says CFR’s John B…