If partisan political bickering prevents us from recognizing the reality that Iran really has scored an important and damaging victory over the United States in Iraq through the failure of the these negotiations to extend our troop presence, then the prospects for any intelligent strategy to respond to that failure are dim indeed.

The Cold War is an increasingly distant memory in American military minds, except in the minds of the arms control community, and in particular those who seek the elimination of nuclear weapons. Alas, our president is a member in good standing of this community—indeed, an organizer.So, too, it...

From the perspective of the corporate profit and loss statement, a trading loss is one expense item in the context of all revenues and expenses. So $2 billion should be compared to the bank's $26.7 billion in pretax profits for 2011, suggesting a reduction of something less than 10 percent in annual profit.

America's version of capitalism has been much more dynamic than Europe's. Why don't Obama and Romney debate that?

Under current law, the U.S. Department of Defense automatically faces significant spending cuts over the next 10 years—cuts that america's civilian and military leaders have cadidly described as "devastating" and "very high risk."

According to the new calculations of the Social Security Trustees’ 2012 Report, Social Security’s future costs are a lot bigger than its future income.

Sunday’s elections results in six European countries, particularly France, Greece and Germany, bode poorly for satisfactorily resolving the European Union’s ongoing financial and political crisis.

As Secretary of State Hillary Clinton heads to China this week for yearly strategic consultations, a daring bid for political asylum has highlighted the seething dissent beneath China’s surface stability.