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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.

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

June 15, 2023

China
China’s Growing Influence in Latin America

For more than two decades, China has developed close economic and security ties with many Latin American countries, including Brazil and Venezuela. But Beijing’s growing sway in the region has raised…

China is helping to build a new national library in San Salvador, El Salvador.

January 31, 2006

United States
Two Deficits, Fed Turnover

Two decades ago, the United States was the world’s largest creditor; now it’s the world’s largest debtor. As Ben Bernanke assumes the post of Federal Reserve chairman, succeeding Alan Greenspan, opin…

April 3, 2007

Pollution
Innovator and Pariah: The United States and Clean Air Legislation

Despite foot-dragging on climate change, the United States has a strong history of environmental legislation, which could provide models for future greenhouse gas reduction efforts.