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This is a joint blog with Brian Peters, a former risk manager and supervision officer at the Federal Reserve Bank of New York. There are two significant reasons why China’s reported current account surplus ($735 billion) is much smaller than its goods surplus ($1.2 trillion), eve…

The rapid spread of a rare Ebola strain through Central and East Africa is testing local public health authorities and raising concerns about the state of global health security.

The Council on Foreign Relations (CFR) is pleased to announce the newest members of its Board of Directors. Effective July 1, 2026, Charles Q. Brown Jr., Marie-Josée Kravis, Daniel B. Poneman, and David E. Sanger join the Board, bringing a wealth of expertise spanning military le…

President Donald Trump’s signature tax bill is contributing to a contraction in the country’s clean energy manufacturing that threatens U.S. supply chains and competitiveness, just as rising electricity prices underscore the industry’s importance.

The Council on Foreign Relations (CFR) has launched a new Task Force on the Future of Cuba. The project will examine what the United States can do to promote a stable, prosperous, democratic Cuba over the next decade in the event of a political transition or significant opening. …

Eleven charts illustrate the extraordinary level of support the United States has provided Ukraine in recent years—though there has been no significant U.S. aid legislation since 2024, and combined European aid tops U.S. contributions.

After Trump called FIFA to review the red card that suspended the U.S. striker, soccer’s governing body cleared Balogun to play in his team’s next World Cup match. The reversal deepens a perception among allies that Washington honors the rules only when convenient—on the fi…

The Supreme Court’s decision this week on mail-in ballots got the most attention, but its decision on campaign spending may have a bigger impact on the fight for control of Congress.

Trump’s One Big Beautiful Bill Act gutted the wind and solar credits at the heart of Biden’s Inflation Reduction Act. But a year on, the law’s preserved incentives for geothermal, advanced nuclear, and grid-scale storage may do more to cut global emissions than the credits it eli…

The Council on Foreign Relations (CFR), in partnership with the Belfer Center for Science and International Affairs at the Harvard Kennedy School, has launched a high-level and timely Task Force on Energy Security, Technological Innovation, and American Leadership. The project ex…

Turkish President Recep Tayyip Erdoğan is poised to use the Ankara summit to burnish his own credentials as a global power broker, and to signal his increasingly absolute power domestically.

We Discuss: Mentioned on the Episode: Robert Kagan, Dangerous Nation: America’s Place in the World From Its Earliest Days to the Dawn of the Twentieth Century, Knopf Robert Kagan, The Ghost at the Feast: America and the Collapse of World Order, 1900–1941, Knopf Robert Kagan, The …

On this episode of The Spillover, host Sebastian Mallaby sits down with Martin Wolf, chief economics commentator at the Financial Times, to unpack the American republic at its 250th birthday, the grandest experiment in fusing free markets with a free people—a fusion that is now u…

In a recent decision, the Supreme Court has made it more difficult to hold U.S. corporations liable for complicity in human rights violations overseas.

The United States appears to be pulling back from European security, with U.S. plans for withdrawal accelerating after a rift over support for the U.S.-Israeli war against Iran. NATO’s Turkey summit could be the start of a transition toward a new version of the alliance, but ther…

The Council on Foreign Relations (CFR) is pleased to welcome Vijay V. Vaitheeswaran to the David Rockefeller Studies Program, CFR’s think tank. He will join CFR on Monday, July 13, as Philip D. Reed chair in science and technology, senior fellow, and director of the Energy Securi…

Two men who were instrumental in the writing and ratification of the U.S. Constitution differed on how the document allocated power in foreign policy between the president and Congress.

The Trump administration wants to release frozen Iranian funds—but only to buy U.S. farm goods. The proposal is less humanitarian gesture than market engineering, and without independent oversight, it risks repeating the catastrophic failures of the Iraq Oil-for-Food program.

Truman’s decision not to seek congressional authorization for his decision to commit U.S. troops to defend South Korea set a precedent that continues to shape the war powers today.

Temporary Protected Status (TPS) has long been used as a humanitarian solution for migrants who are unable to return home safely. President Trump’s efforts to scale back such programs have further fueled the debate over the immigration policy’s use and scope.  

CFR President Michael Froman assesses the U.S. government’s de facto ban on Anthropic’s most powerful AI model and what it reveals about the U.S. regulatory framework for AI.

For a brief period after the Cold War, Americans persuaded themselves that the liberal order had become self-sustaining. And yet, any rules-based system elaborate enough to govern and interpret its own operations will eventually confront questions that its rules cannot answer. Or…

In just four words, JFK bonded with the people of West Berlin and gave rise to an urban legend.

The U.S.-Iran deal sidelines Israel, a critical ally, on issues affecting its core security interests. That may be tactically defensible, but the way Washington has handled it is not.

The Group of Seven (G7) has been a forum to coordinate global policy for fifty years, but experts are increasingly questioning the group’s relevance.