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May 23, 2024

Economics
For the First Time, the U.S. Is Spending More on Debt Interest than Defense

   

For the First Time, the U.S. is Spending More on Debt Interest than Defense
Blog Post by Benn Steil and Elisabeth Harding Greenberg Center for Geoeconomic Studies

May 22, 2024

Middle East and North Africa
2024 International Affairs Fellowship Conference: A Conversation With Philip Gordon

Dr. Phil Gordon was the Assistant Secretary of State for European and Eurasian Affairs (2009–2011) and Special Assistant to the President and White House Coordinator for the Middle East, North Africa…

Play Dr. Phil Gorgon Testifying in Court
Virtual Event by Philip H. Gordon, Mona Yacoubian, and Michael Froman

March 19, 2020

Oil and Petroleum Products
The Oil Price Shock: Who’s Most Vulnerable in the Coronavirus Slump?

A long dip in oil prices could put several oil-producing countries under great strain, but some are better positioned than others to weather the downturn from the coronavirus.

In Brief by Amy M. Jaffe Energy Security and Climate Change Program

March 6, 2020

Sub-Saharan Africa
Africa Confronts Falling Oil Prices Amid Coronavirus

The new coronavirus has led to a slowdown in economic activity in China and East Asia more broadly. The global price of oil has now fallen to $53 a barrel. This is beginning to affect the oil-exporting countries of Africa. According to Africa Confidential, three-quarters of Nigeria’s and Angola’s oil production ear-marked for export in April is unsold. Similar deficits are reported from Chad, Republic of Congo, and Gabon.

A man arranges Agip drums at an oil station and depot in Nigeria's capital Abuja, on June 19, 2009.
Blog Post by John Campbell Africa in Transition

May 16, 2024

China
Virtual Media Briefing: U.S. Tariffs on Chinese Imports

CFR experts discuss President Joe Biden’s decision to increase tariffs on various Chinese imports and the implications for the U.S. economy and U.S.-China relations. 

Play Shipping containers at Pier J at the Port of Long Beach wait for processing in Long Beach, California, U.S., April 4, 2018.
Virtual Event by Zongyuan Zoe Liu, Brad W. Setser, and Matthew P. Goodman Media Briefings

December 6, 2012

United States
Gasoline Prices

With the Middle East unrest ongoing and the global economy recovering, gasoline prices are rising considerably. But policies to ease U.S. consumer impact take time and policymakers are divided over t…

Backgrounder by Toni Johnson Renewing America