The Spillover

CFR
CFR
  • 5.0 (29)
  • Business News
  • Updated Weekly

How do critical international developments shape economic and financial markets worldwide? Each week, The Spillover examines the ripple effects of global events across policy, geopolitics, economics, finance, and technology. This podcast helps you better understand what’s happening, and why it matters to businesses, global markets, and the world.

  1. 13h ago

    What We Got Right (and Wrong) This Year

    This week on The Spillover, hosts Sebastian Mallaby and Rebecca Patterson unpack what they got right—and wrong—in their forecasts over the course of the year so far, covering the “Fragile Four” economies, OpenAI’s funding crisis, the AI IPO race, the Iran war, and more.   Hosts:   Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations (CFR)   Rebecca Patterson, Senior Fellow, Council on Foreign Relations (CFR)   Want to keep up with The Spillover? Sign up to receive an email alert when new episodes are released.    The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy.

  2. 6d ago

    Central Banks in a Bind + Could AI Replace the FOMC?

    This week on The Spillover, hosts Rebecca Patterson and Sebastian Mallaby are joined by Adam Posen, president of the Peterson Institute for International Economics, to discuss how the Federal Reserve has fallen behind the curve on inflation, Fed Chair Kevin Warsh’s task forces, and the role of AI in monetary policymaking.   Hosts:   Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations (CFR)   Rebecca Patterson, Senior Fellow, Council on Foreign Relations (CFR)   Guest:   Adam Posen, President, Peterson Institute for International Economics   Mentioned on the Episode:   Adam S. Posen, “China Still Has What America Needs,” Foreign Affairs   Adam S. Posen, “Strategic Direction for Europe in the New Economic Geography,” Intereconomics   Want to keep up with The Spillover? Sign up to receive an email alert when new episodes are released.   The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy.

  3. Sep 25

    Why Won’t Europe Do More For Ukraine? + The Rise of Pro-Russia Populism

    This week on The Spillover, hosts Sebastian Mallaby and Rebecca Patterson sit down with author and historian Anne Applebaum to discuss Europe, the ongoing war in Ukraine, and the escalating geopolitical headwinds the region faces.   Hosts:   Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations (CFR)   Rebecca Patterson, Senior Fellow, Council on Foreign Relations (CFR)   Guest:   Anne Applebaum, Pulitzer Prize–winning author; staff writer, The Atlantic; Senior Fellow, Johns Hopkins University   Mentioned on the Episode:   Anne Applebaum, “MAGA Is Making the World Safe for Corruption,” The Atlantic   Want to keep up with The Spillover? Sign up to receive an email alert when new episodes are released.   The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy.

  4. Sep 14

    Nvidia Bets Big on Hugging Face + Sebastian Sashimi + AI-Powered Toothbrushes

    This week, hosts Sebastian Mallaby and Rebecca Patterson unpack Nvidia’s deal to purchase Hugging Face, the leading platform for open-weight AI models. The acquisition, they argue, highlights a battle between two visions of how the AI industry will develop, as well as concerns about safety and oligopoly.   Hosts:   Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations (CFR)   Rebecca Patterson, Senior Fellow, Council on Foreign Relations (CFR)   Mentioned on the Episode:   Aditya Soni, Anhata Rooprai, and Harshita Mary Varghese, “Nvidia Bets $13 Billion on Open AI Models With Hugging Face Deal,” Reuters   Sebastian Mallaby and Sebastian Elbaum, “The AI Trilemma,” Foreign Affairs   Want to keep up with The Spillover? Sign up to receive an email alert when new episodes are released.   The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy.

  5. Sep 10

    Can the U.S. ‘Grow’ Its Way Out of Debt? + Taxing Wealth in the Age of AI

    This week, host Rebecca Patterson speaks with Natasha Sarin, law professor and cofounder of the Yale Budget Lab, to unpack Treasury Secretary Scott Bessent’s claim that the United States can grow its way out of record debt, and whether AI can deliver the growth, jobs, and tax revenue needed to make that happen.   Host:   Rebecca Patterson, Senior Fellow, Council on Foreign Relations (CFR)   Guest:   Natasha Sarin, Professor of Law and Cofounder, The Yale Budget Lab   Mentioned on the Episode:   Natasha Sarin, “No Wonder Everyone’s Rallying Around This Terrible Idea,” New York Times   “Scott Bessent Says US Can ‘Grow Our Way Out’ of $40 Trillion Debt—Economist Says ‘Not Feasible’,” TradingView   “The Budget and Economic Outlook: 2026 to 2036,” Congressional Budget Office   Rebecca Patterson, “What the Treasury’s Buyback Surprise Says About the Bond Market,” CFR.org   Want to keep up with The Spillover? Sign up to receive an email alert when new episodes are released.   The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy.

  6. Sep 1

    The U.S. Buys Stake in a Venezuelan Oil Company + Why Efficiency Is the Real Path to Energy Security

    This week, host Rebecca Patterson sits down with energy and climate expert Vijay Vaitheeswaran to discuss the U.S. government's acquisition of 35 percent equity stake in a Venezuelan oil company and how managing demand and boosting efficiency are critical for long-term energy security and climate progress.   Host:   Rebecca Patterson, Senior Fellow, Council on Foreign Relations (CFR)   Guest:   Vijay V. Vaitheeswaran, Philip D. Reed Senior Fellow and Director of the Energy Security and Climate Change Program, Council on Foreign Relations (CFR)   Mentioned on the Episode:   Vijay V. Vaitheeswaran, “Why Nuclear Energy Is Making a Global Comeback,” CFR.org   Vijay V. Vaitheeswaran, “Crude Calculations: Why the Iran War Hasn’t Yet Caused an Oil Shock,” CFR.org   Vijay V. Vaitheeswaran, “Geothermal’s Time Has Finally Come,” The Economist   Vijay V. Vaitheeswaran, “Americans’ Electricity Bills Are Up. Don’t Blame AI,” The Economist   Want to keep up with The Spillover? Sign up to receive an email alert when new episodes are released.   The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy.

  7. Aug 26

    Could the AI Debt Problem Create the Next Financial Crisis?

    The financing behind the AI boom has grown so large that treasury bond yields are approaching levels not seen since the leadup to the 2008 financial crisis. But is the risk to the financial market overblown? This week, Rebecca Patterson and Sebastian Mallaby are joined by Torsten Slok, chief economist at Apollo, to discuss the threat AI debt poses to the U.S. bond market.   Hosts:  Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations (CFR)  Rebecca Patterson, Senior Fellow, Council on Foreign Relations (CFR)    Guest:  Torsten Slok, Partner and Chief Economist at Apollo   Mentioned on the Episode:   Torsten Slok, “A Slower AI Payoff Would Be Everyone's Problem,” Apollo   Torsten Slok, “Monitoring the AI Trade: How Growing Debt Issuance Is Reshaping the Landscape,” Apollo   Want to keep up with The Spillover? Sign up to receive an email alert when new episodes are released.    The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy.

  8. Aug 18

    The Hosts Pick a Global AI Winner + The Advanced Economy Deployment Problem + The Question Even the Experts Can't Answer

    Artificial intelligence has become the biggest variable in the U.S. economy, but is the country really positioned to win the global race for economic dominance in AI? This week, Rebecca Patterson and Sebastian Mallaby draw on Patterson's new chapter for the book Geopolitics of AI to guess at an eventual winner. The pair weighs the inputs of talent, capital, energy, and public support, and question popular assumptions about inevitable American success.    Hosts:   Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations (CFR)    Rebecca Patterson, Senior Fellow, Council on Foreign Relations (CFR)   Mentioned on the Episode:   Geopolitics of AI, Johns Hopkins University Press   Want to keep up with The Spillover? Sign up to receive an email alert when new episodes are released.    The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy.

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How do critical international developments shape economic and financial markets worldwide? Each week, The Spillover examines the ripple effects of global events across policy, geopolitics, economics, finance, and technology. This podcast helps you better understand what’s happening, and why it matters to businesses, global markets, and the world.

Information

  • Channel
    CFR
  • Creator
    Council on Foreign Relations
  • Years Active
    2026
  • Episodes
    38
  • Rating
    Clean
  • Copyright
    © Copyright 2026 All rights reserved.
  • Show Website
    The Spillover

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