Washington DC -- Douglas Rediker, director of New America Foundation's Global Strategic Finance Initiative, testified before the U.S. Senate Committee on Foreign Relations today on the foreign policy implications of the financial crisis.

Mr. Rediker stresses the deficit of capital and U.S. leadership that exists in many developing countries as a result of the crisis and the implications of other state or non-state actors deploying financial power to take advantage of the absence of the United States.

Full text of testimony is available on NewAmerica.net.

If you would like to speak to Douglas Rediker, please contact Kate Brown at 202-986-3058 or brown@newamerica.net.

About New America
The New America Foundation is a nonprofit, nonpartisan public policy institute that invests in new thinkers and new ideas to address the next generation of challenges facing the United States. Headquartered in Washington D.C., New America also has offices in California.