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November 15, 2018

United States
Presidents and War Powers

PDF Version. A review of Michael Beschloss, “Presidents of War” (Crown Books, 2018).  *** The U.S. Constitution vests the president with “executive power” and provides that “The President sh…

Lectern with presidential seal

November 8, 2018

Monetary Policy
The Role of the U.S. Federal Reserve

The role of the Federal Reserve has transformed in the past decade, as it has deployed trillions of dollars to boost the U.S. economy while expanding its regulatory oversight of the nation’s financia…

Federal Reserve

September 18, 2018

United States
The United States Air Force Celebrates Its 71st Birthday Today

The United States Air Force (USAF) turns 71 years-old today. On September 18, 1947, Chief Justice Fred Vinson swore in Stuart Symington as the first secretary of the air force, officially founding a …

Air Force Birthday 2018

September 14, 2018

Financial Markets
The Dangerous Myth We Still Believe About the Lehman Brothers Bust

The new consensus about the cause of the 2008 financial crisis is seductive — and misleading. Sebastian Mallaby presents an alternative opinion.

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City.

August 28, 2018

United States
Foreign Investment and U.S. National Security

The United States and other Western countries are reevaluating their foreign investment regulations amid an uptick in Chinese interest in strategic sectors.

China-U.S. foreign investment

June 14, 2018

United States
Happy Birthday to the U.S. Army!

The United States Army celebrates its 243nd birthday today. If you see an active duty, former, or retired member of the United States Army today, wish their service Happy Birthday. The Army websit…

Army Birthday 2018

May 31, 2018

United States
The National Debt Dilemma

With the U.S. national debt already exceeding $15 trillion, President Trump’s tax reform and budget deals with Congress are poised to add massively to the country’s deficits. CFR explores the origins of the national debt, the risks it presents, and the outlook for change.

US-Debt-BGR-Header-2-1160x630.jpg

December 3, 2014

Alan Gross, Year Six

Today Alan Gross will begin his sixth year in a Cuban prison. His "crime" was to deliver to the minuscule Cuban Jewish community some communications equipment supplied by the United States. The Cuba…

May 7, 2018

Political History and Theory
The Marshall Plan

Teaching Notes for The Marshall Plan, written by CFR Senior Fellow Benn Steil

Marshall Plan Teaching Notes