James A. Baker, III, on the national debt and foreign policy

The foreign policy implications of the growing and unsustainable U.S. debt are tremendous, Baker said. “Such a state of affairs could impair the state of the U.S. dollar and its role in global currency,” he said. “It will constrain the ability of our government to pursue an independent monetary and fiscal policy. More generally, our debt crisis runs the risk of undermining our leadership abroad … our strength abroad depends on our economic health at home.” Continue Reading

James A. Baker, III, to discuss foreign policy and the national debt

Whether a Republican, Democrat or independent, everyone seems to agree that the massive national debt is a critical threat to America’s long-term growth and prosperity. Join former Secretary of State James A. Baker, III, honorary chair of the Baker Institute, online Wednesday as he, former Secretary of the Treasury Robert Rubin and former members of Congress convene for a bipartisan discussion on the debt crisis and its economic and foreign policy implications. Continue Reading

James A. Baker, III: Economy, not Iran or China, biggest threat to America

Former Secretary of State James A. Baker, III, honorary chair of the Baker Institute, and Secretary of State Hillary Clinton sat down with journalist Charlie Rose on June 20 for a wide-ranging conversation on U.S. foreign policy. Baker said that the biggest threat to America right now isn’t Iran or China, but the need to “get our economic house in order.” Clinton agreed, saying that much of her time as secretary of state is spent “reassuring” government and business leaders that the U.S. economy is improving. Continue Reading