It is time for a new policy in Iraq, to recalibrate America’s equities and engagement there. The current administration is tied to its policy, knowing that the president’s historic legacy will be based on the outcome in Iraq, and hoping that current positive trends can be turned into more permanent conditions. But the American people and their political leaders need to be thinking more boldly about a new horizon: Where do we want US-Iraq relations to be in five years? Can the United States and Iraq enjoy a friendly relationship without such a deep commitment of American forces and resources? Where does Iraq fit in America’s strategic interests and agenda? In this new report published by The Century Foundation, Ellen Laipson, CEO of the Stimson Center and director of the Southwest Asia/Gulf project, examines these issues.