This paper contains remarks made to officials from Western European Union member countries prior to a Washington D.C. conference on the subject of European security and defense identity. It describes for foreign visitors the state of the U.S. economy and the administration's legislative agenda, making the point that the distinction between foreign and domestic policy has disappeared. It notes several areas of foreign policy with respect to which the United States will play a key role but notes that Americans are inclined to a cautious approach about new commitments and funding requirements. It reassures Europeans about U.S. support for a strong European security identity, anticipating a growing role for Europeans in managing their own security. That said, it notes a European tendency toward parochialism and underscores that effective security policy depends both on capacity and a will to act.