Finance and Foreign Policy

With many economists now pointing to a looming recession, spending constraints are likely to further complicate the foreign policy options of the next U.S. president. So far, Sen. Barack Obama (D-IL) and Sen. John McCain (R-AZ) are giving few signs as to how they would alter their priorities. McCain, in the first presidential debate, suggested a spending freeze on all but defense and entitlement programs. Obama said in an interview he might have to delay plans to double foreign assistance..

By CFR, USA.

Macro Economic Policy Resource.