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October 1, 2021

Budget, Debt, and Deficits
The 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.

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January 13, 2022

Argentina
Argentina: A South American Power Struggles for Stability

Argentina is one of Latin America’s largest economies and most stable democracies, but the country has struggled with political dysfunction and financial crises in recent decades.

Supporters of President Alberto Fernandez celebrate Peronism in Buenos Aires in October 2021.

September 28, 2021

Budget, Debt, and Deficits
What’s at Stake in the Debt Ceiling Showdown

U.S. lawmakers are at loggerheads over raising the limit on government borrowing. Here’s what to know about the debate.

April 13, 2021

United States
Is Rising Student Debt Harming the U.S. Economy?

Higher education provides students many socioeconomic benefits and increases the global competitiveness of the United States, but mounting student loan debt has sparked a debate over federal lending …

Students attend their graduation ceremony at the University of California Los Angeles (UCLA).

January 18, 2022

International Law
Legal Principles Matter in Defense of Democracies

Legal principles matter as two major democracies—Taiwan and Ukraine—are threatened by superpower neighbors. Whether one argues about Taiwan’s status as a country or a province of China, it is a vibra…

Ukrainian service members drive tanks during the Independence Day military parade in Kyiv, Ukraine in August 2021.

March 25, 2021

Kenya
Belt and Road in Kenya: COVID-19 Sparks a Reckoning with Debt and Dissatisfaction

The economic impact of COVID-19 has exposed the underlying fragility of China’s Belt and Road Initiative (BRI) in Kenya, already the subject of scrutiny over corruption, pollution, and debt concerns. BRI fueled an ambitious infrastructure push in Kenya.

A train, built as part of Chinese investment in Kenya through the Belt and Road Initiative, arrives at the Mombasa Terminus in Mombasa, Kenya.

July 29, 2021

Elections and Voting
Iran’s New President Takes Office, U.S. Debt Ceiling Drama, and More

Iran’s next president, Ebrahim Raisi, takes office; the suspension of the United States’ debt ceiling ends; and the summer wildfire season sets new records.

Podcast Iranian President-Elect Ebrahim Raisi holds a press conference at Shahid Beheshti conference hall on June 21, 2021 in Tehran, Iran.

January 7, 2022

Olympics
Are the Olympics Worth the Cost?

The Olympics cost host countries billions of dollars. With concerns growing over displacement, debt, and now the COVID-19 pandemic, countries are questioning whether to host the big event.

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October 7, 2020

Emerging Economies
Reframing the Collective Action Problem in Sovereign Bond Restructuring

A recent white paper from Lazard points out that emerging market sovereign bond holdings are often fairly concentrated among a handful of big players.  The main impediment to collective action may be…

Reframing the Collective Action Problem in Sovereign Bond Restructuring