america s military strategy in asia requires significant budgets, and these are under pressure from both sides of the aisle. public support for any type of ambitious, generous foreign policy is pretty low these days. the most worrying obstacle to a serious american strategy might seem at first to be a highly technical issue. the administration has proposed reform of the international monetary fund which congressional republicans are blocking. but reforming the agency is crucial to america s future global vote. let me explain. the imf governing board has long been dominated by the united states and europe. as asian countries have become a larger part of the government pie, the obama administration proposed their votes on the board. this mostly would take power away from europe, not the united states. and yet congressional republicans have held up this plan for three years, and they show no signs of being ready to pass it.
it requires significant budgets, and these are true from both sides of the aisle. public support for any type of ambitious, generous foreign policy is pretty low these days. the most worrying obstacle to a serious american strategy might seem at first to be a highly technical issue. the administration has proposed reform to the international monetary fund which congressional funds are blocking. but reforming the agency is crucial to america s future global vote. let me explain. the imf governing board has long been dominated by the united states and europe. as asian countries have become a large part of the government bye, the united states have put their votes on the board. this mostly would take power away from europe, not the united states. and yet congressional republicans have held up this plan for three years, and they show no signs of being ready to pass it.