US Congress

The House’s FY16 SFOPS spending bill didn’t respond to the Millennium Challenge Corporation’s request for substantially more funding this year. (The legislation maintains the agency’s FY15 level of $900 million.)  But I was happy to see clear evidence of the House’s desire to better track the econom...

Congress apparently isn’t getting the data it wants from the Overseas Private Investment Corporation, or OPIC. That makes two of us. The House Appropriations Committee is now calling for OPIC to provide reporting on the volume and destination of all new loans, guarantees, a...

The US failure to approve governance reforms at the IMF is what led China to create the Asian Infrastructure Investment Bank. Ben Bernanke is the latest prominent voice to employ this narrative.