from The Great Debate:

The budget is its own ‘debt ceiling’

By Daniel Alpert and Robert Hockett
October 10, 2013

It could be that President Barack Obama and the Republican House of Representatives will again be able to avert fiscal and financial chaos through a short-term, ad hoc agreement on government funding and the “debt ceiling” limit. This would be good news for the world and its markets.

from The Great Debate:

Antisocial genesis of the social cost of carbon

By Susan E. Dudley, Brian F. Manix and Sofie E. Miller
October 10, 2013

The day after his 2009 inauguration, President Barack Obama committed to “creating an unprecedented level of openness in government.”

from The Great Debate:

Ending the debt limit crisis: Dear Ben Bernanke

By Alan Grayson
October 9, 2013

Warren Buffett calls the debt ceiling a “nuclear weapon, too horrible to use.” Obama administration official Jason Furman says the consequence of a default on U.S. government debt is “too terrible to think about.” When asked about a default, Wells Fargo strategist James Kochan simply commented, “Holy cripes.”

from Ian Bremmer:

In pursuit of American humility

By Ian Bremmer
October 4, 2013

This week, as Washington navel-gazed its way into a shutdown, its actions didn’t go unnoticed abroad. In Turkey, Recep Tayyip Erdogan, the Prime Minister of Turkey, took the opportunity to gloat about the U.S.’s refusal to pay its federal workers, many of whom are on furlough because of the shutdown. “We are now witnessing the crisis in the U.S. We have never been a government that could not pay its personnel,” Erdogan said.

from The Great Debate:

Why this shutdown isn’t like 1995

By Hedrick Smith
October 4, 2013

The political battlefield of the current government shutdown looks a lot like the last big shutdown of 1995. But major changes within the Republican Party in Congress -- a weaker leadership, the demise of moderates and two decades of gerrymandering -- could make this year’s endgame far harder.

from The Great Debate:

Forging ahead with free trade

By Harold McGraw III
September 30, 2013

The recent focus on what divides world leaders, from Syria to the euro zone, has obscured the significant agreements reached at the Group of 20 meeting in St. Petersburg earlier this month. One of the most important was support for free trade and opposition to protectionism.

from David Rohde:

The key stumbling blocks U.S. and Iran face

By David Rohde
September 28, 2013

A historic phone call Friday between the presidents of the United States and Iran could mark the end of 34 years of enmity.

from The Great Debate:

Ted Cruz: Blackmailer

By Bill Schneider
September 27, 2013

On October 28, Senator Ted Cruz (R-Tex.) and his supporters may wish to commemorate the feast day of Saint Jude. Jude is the patron saint of hopeless causes. Because if ever there was a hopeless cause, it is killing the Affordable Care Act.

from The Great Debate:

For U.S.-Iran, it’s all in the timing

By Trita Parsi
September 24, 2013

Four years after President Barack Obama famously extended his hand of friendship to Iran, Tehran finally seems willing to unclench its fist. The most decisive geopolitical handshake of this decade may take place today at the United Nations.

from The Great Debate:

On U.S.-Iran deal, devil is in the details

By Michael Adler
September 23, 2013

The feel-good mood engendered by promising overtures from Iran’s new president Hassan Rouhani and President Barack Obama has raised hopes for a settlement in the Iranian nuclear crisis. But the devil -- especially in this case -- is in the details.