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June 21, 2023

Infrastructure
How U.S. Aviation Infrastructure Works

Civil aviation plays a crucial role in the U.S. transportation network and economy. Ongoing turbulence from the COVID-19 pandemic, underinvestment in infrastructure, and climate change are clouding i…

Passengers look through airport windows at the tarmac.

December 4, 2023

Budget, Debt, and Deficits
The U.S. National Debt Dilemma

With the U.S. national debt already exceeding $16 trillion, President Trump’s tax reform and budget deals with Congress have added to the country’s deficits. CFR explores the origins of the national debt, the risks it presents, and the outlook for change.

An exterior view of the U.S. Treasury building from below

September 18, 2023

Economics
Is Industrial Policy Making a Comeback?

The threat of climate change and the rise of China have prompted renewed debate about the U.S. government’s role in shaping the economy.

Workers assemble Ford vehicles at the Chicago Assembly Plant in Chicago, Illinois.

May 25, 2023

Middle East and North Africa
The Arab League

Founded as a loose confederation of states in 1945, the Arab League has struggled to overcome dysfunction and disunity among its members.

Flag of Arab League member states accompany the league's seal

February 1, 2021

Climate Change
Envisioning a Green New Deal: A Global Comparison

The Green New Deal has motivated those who want the United States to undertake unprecedented climate action, but it has also drawn backlash. How is the rest of the world grappling with decarbonizatio…

Three workers install a solar panel on the roof of a building in Wuhan, China.

July 19, 2023

United States
The Dollar: The World’s Reserve Currency

The dollar’s role as the primary reserve currency for the global economy allows the United States to borrow money more easily and impose painful financial sanctions. Other countries are beginning to …

Three $1 bills lie on top of one another, filling the frame.

October 20, 2023

Monetary Policy
What Is the U.S. Federal Reserve?

Over the past decade, the Fed kept interest rates low while it deployed trillions of dollars in stimulus and expanded its regulatory oversight. Now, the central bank is back in the spotlight for its …

A stone bald eagle perches on the Federal Reserve building in Washington, DC.