Puerto Rico’s debt crisis has entered a new stage. Without congressional action and deeper reforms, the island could find itself unable to provide basic services, says CFR expert Brad Setser.

As countries prepare to sign the landmark Paris climate accord, the work to reduce global carbon emissions is only beginning, says CFR’s Michael Levi.

Leaked documents have revealed that international tax havens play a larger role than previously understood, and will likely raise pressure for more transparency in global finance, says CFR expert Edw…

The Obama administration has other methods to pursue a binding international agreement on climate change in Paris that fall short of a treaty, says CFR’s John B. Bellinger III.

Special tax incentives have enabled Puerto Rico to borrow irresponsibly for years, and now the island must take painful steps to balance its budget, explains expert Matt Fabian.