Lately the biggest issue at hand is how the US may default on its loans because simply put it the US is spending more than its making. This is not an unusual circumstance ever since the last world war. The US has slowly been increasing its credit limit or "debt ceiling" (think of it as a credit card limit) over the years for a while now. The US was able to do this in previous years since the US economy has been growing. Just like if you get a raise or promotion in most cases, your prone to spend more or allowed more credit cause you can pay it back. Over the last few decades, the US has been in a couple wars and poor economic downturn has been a double whammy which is causing the unbalance of what this country can afford.
Now the other issue is the bickering of the political parties. The elephant's want to just cut back government spending and do not want to increase the credit limit of the country (debt ceiling). The donkey's want a combination of both. Both sides have legitimate reasons why to do either. Part of the issue that puts the country at jeopardy is its credit rating. So just like you have a FICO credit score, so does each country. The US has been the backbone of the international economy and if its investors see the credit rating drop there will be a huge exit of investors from the US. There is a lot more details regarding this situation, but that's the run down.Personally, I feel the politicians need to straighten up their act and put the country first before their political party. Hell, if the country's going through economic crisis to where we can't pay our debts get to a resolution quick before making the world news that our government cannot even get to a resolution. All these factors weigh into the stability and credit rating of the country in my eyes. August 2nd is the date that the country can no longer afford to pay all of its obligations fully. So the government is under fire to come up with something before then.
HodgePodge
The government is a joke!
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