The opening of U.S. diplomatic ties with Cuba will bring real change to the island and raise Washington’s stature in the region, says CFR’s Julia Sweig.

Cutting the federal deficit is seen as essential for reviving the country’s economic standing. CFR’s Peter Orszag looks at some of the pros and cons of recommendations by a presidential commission’s …

An explosion, apparently set off by a suicide bomber, killed at least six people at a bus stop near Jerusalem’s outdoor market Friday in an attack that coincided with a peace mission by U.S. Secretar…

U.S. Treasury Secretary Henry M. Paulson says he will push for more Chinese flexibility in allowing its currency to appreciate, saying it “doesn’t reflect reality.”

As Cuba’s Communist Party convenes this weekend for the first time in fourteen years, President Raul Castro will look to clarify and gain support for economic reforms. CFR’s Julia Sweig says the coun…