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Finance and Foreign Policy


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..


Macro Economic Policy Resource.