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February 26, 2019

Americas
Latin America’s Right Turn Could Draw Its Economies Closer

The ascent of leaders who favor free trade opens space for real integration.

Argentina's President Mauricio Macri shakes hands with Brazil's President Jair Bolsonaro during a meeting in Brasilia, Brazil January 16, 2019.

November 14, 2018

Financial Markets
Is There a Financial Time Bomb in Sight?

If an expert committee makes the wrong call on Thursday, there is a disquieting possibility that the cliff may be in sight.

A store closing sale sign is posted next to a Sears logo in New Hyde Park, New York.

November 14, 2012

What Is the Fiscal Cliff?

Without timely action from Congress, the United States faces a drastic set of tax hikes and spending cuts at year’s end that could derail the nation’s fragile recovery and spill over into the global …

The dome of the U.S. Capitol is lit up in Washington, DC (Brian Snyder/Reuters).

August 1, 2012

What is the Fiscal Cliff?

Without timely action from Congress, the United States is set to undergo a drastic set of tax hikes and spending cuts at year's end that could derail the nation's fragile economic recovery. The budge…

Cragged bluffs rise from the sea. (Courtesy Darren Harmon).

November 27, 2012

Europe and Eurasia
Greece Hurtles Toward Its Fiscal Cliff

The United States marches solemnly towards its fiscal cliff, awaiting only the command from the Goddess of Reason to halt. Unfortunately for Greece, that country plugged its ears back in March. L…

Greece Hurtles Toward Its Fiscal Cliff

June 18, 2012

Trade
Morning Brief: Delaying the Fiscal Cliff

Current legislation calls for over $500 billion in spending cuts and tax increases at the end of 2012, a “fiscal cliff” that The Economist argues politicians should postpone. While acknowledging that…

Alan Simpson (R) and Erskine Bowles (L) testify before Congress in November 2011 about their commission's plan to attack long-term budget challenges through tax and entitlement reform, along with discretionary spending cuts (Jonathan Ernst/Courtesy Reuters).

November 6, 2012

United States
Confronting the Fiscal Cliff

Policymakers must act swiftly post-election to approve a viable fiscal plan or trigger market volatility and severe damage to the U.S. economy, writes CFR’s Robert Kahn.

October 12, 2018

Climate Change
UN Climate Report Highlights Extreme Risk to Many Regions

A recent study by noted climate scientists is particularly bad news for the planet’s most vulnerable regions, including the Arctic and small Pacific islands. 

Climate Change Flooding India

September 27, 2018

Puerto Rico
Will the Proposed Restructuring of COFINA Bonds Assure Puerto Rico’s Return to Debt Sustainability?

Puerto Rico’s government and the bulk of the holders of Puerto Rico’s Sales tax backed bonds (COFINA) appear to have reached agreement on restructuring terms (details here). The deal will reduce Puer…

Will the Proposed Restructuring of COFINA Bonds Assure Puerto Rico’s Return to Debt Sustainability?

September 20, 2018

International Finance
Three Sudden Stops and a Surge

Reflections on the Global Financial Crisis, through the lens of the U.S. balance of payments.

Three Sudden Stops and a Surge