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.

The framework deal with Iran surpassed expectations and revived concerns about how such a deal could be implemented, says CFR’s Ray Takeyh.

Without diplomatic progress over the next several weeks, world powers and Iran may squander their best opportunity for a comprehensive nuclear agreement, says expert Daryl G. Kimball.

CFR geoeconomic fellow Brad W. Setser explains what’s behind the dollar’s recent decline and says the Federal Reserve shouldn’t use interest rates as a tool to stabilize the exchange rate.