This episode features a live recording of a conversation between ECFR director Mark Leonard and US undersecretary of war for policy, Elbridge Colby, which took place during the Munich Security Conference 2026. 

Together, they discuss how ideas developed in think-tanks translate into government policy, and how the “America First” approach is shaping US national security priorities. Mark and Elbridge examine NATO’s evolution toward greater European responsibility, the challenge of turning higher defence spending into effective military capability, and the continued importance of nuclear deterrence.

They also discuss support for Ukraine, rising concerns about China’s military posture, efforts to counter Iran, and the strategic role of the US–Israel relationship, before looking ahead to the trade-offs and priorities likely to define American strategy in the coming years.

This podcast was recorded on February 13th 2026.

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