Factbox: When Could The Debt Ceiling Put The United States In Default?

Why Does United States Excel at Presidents Cups but Struggle at Ryder Cups?

In addition to the Global Hawks, P-8 maritime surveillance patrol aircraft will also start to be deployed in Japan in December, US and Japanese officials announced. It would be the first time the aircraft will be stationed outside the United States. The cutting-edge capabilities of the P-8, which I saw demonstrated last summer, will greatly enhance the allies ability to conduct surveillance, particularly over the open seas, Hagel said at a joint news conference with Kerry, Japanese Defence Minister Itsunori Onodera and Foreign Minister Fumio Kishida. US President Barack Obama’s administration has made a point of stressing its ties to the Pacific region and showing up for Asian events as part of its pivot to Asia policy. The joint US Cabinet visit went ahead despite the government shutdown that led President Obama to curtail his own planned trip to Asia next week. Kerry will fill in for Obama for visits to Malaysia and the Philippines. The security measures announced Thursday should give both Japan and the United States greater protection and better intelligence about the activities of North Korea and China, one an adversary and the other a wary partner and sometime competitor. There are different threats and different kinds of threats, Kerry said at the start of the joint session on Thursday. So it is important for us to recognise that this bilateral alliance remains a vital element of our respective national security strategies. In addition to the drones and the P-8 maritime patrol aircraft, Japan and the United States announced that a new antiballistic radar station would be built in Kyogamisaki, in southern Japan, and become operational sometime in the next year. The powerful X-band radar is intended to shore up defences against a possible ballistic missile attack by North Korea. Japan and the United States had announced an agreement last year to build the radar but had not said where it would be located or when it would be up and running. Its important for ballistic-missile defence for both nations, and so I think thats why its kind of on a fast timeline, said Air Force Lieutenant General Salvatore Angelella, the commander of US forces in Japan. Although the Pentagon says the radar is aimed at North Korea, it ranks high on Chinas list of grievances about the US militarys enhanced presence in the region.

Why is it that the United States performs so masterfully in the Presidents Cup yet manages to choke so miserably against the Europeans in the Ryder Cup just 12 months later? The US team continue their trend of success in odd years and no doubt they’ll be tuned up for a jolly good spanking in Gleneagles in 2014. Tweeter Alliss (@TweeterAlliss) October 6, 2013 The Yanks last lost the Presidents Cup in 1998 when Bill Clinton was calling the shots in the White House and Tiger Woods had only one major championship to his credit. During that same 15-year period, however, the Americans have captured just two of seven Ryder Cup matches, a stretch that includes a pair of losses on its home soil and a historic collapse in the 2012 competition at Medinah. David Cannon/Getty Images Its a confounding trend that must have current Ryder Cup captain Tom Watson searching for answers in advance of the 2014 matches scheduled for next September at Gleneagles in Scotland. The Americans will be looking to topple the Europeans on their home turf for the first time since 1993 . If the legendary Watson was paying any attention this weekend, he would have witnessed a United States team that was focused, confident and above all else loose at Muirfield. Pairings such as Woods and Matt Kuchar, Phil Mickelson and Keegan Bradley, and even Steve Stricker and rookie Jordan Spiethweren’tjust effective, they were engaged and having fun. As a result, even when the Americans fell behind, as they did early in the final foursomes session on Saturday, the Yanks managed to stay relaxed and eventually rallied. “When you’re prepared, you’re more confident. When you have a strategy, you’re more comfortable.”–U.S. Captain Fred Couples Golf Digest (@GolfDigestMag) October 7, 2013 Ironically, thats the exact winning formula the Europeans have utilized during their run of dominance in the more intense and prestigious Ryder Cup. By contrast, the Americans play the event as if in a vice grip of pressure and angst. Top golfers like Tiger and Phil play like the world is on their shoulders and other veterans and less experienced golfers often appear in over their heads to put it kindly. That was certainly the case at Medinah last year as the Americans blew a four-point lead at the start of the singles competition and appeared to be playing golf in quick sand as the Europeans rallied to retain the cup by a single point.

The Congressional Budget Office thinks the United States would start missing payments on at least some of its obligations between October 22 and the end of the month. No one knows the exact day because you can’t know what tomorrow’s tax revenues will look like. – The United States defaults when the money runs out, right? It depends how you define default. Historically, default is when a country misses a payment to a creditor. The Obama administration says default would include any missed payment, such as payments for public health insurance. The first really big bill due after hitting the debt ceiling is a $12 billion Social Security payment on October 23. – When would financial markets melt down? Markets would be alarmed if it looked like bondholders would go unpaid for an extended period, and might even panic if any government checks were delayed. Many analysts think the administration would at least try to prioritize payments on the national debt, but Treasury officials say picking and choosing which bills to pay would be impossible. The first debt payments due after hitting the debt ceiling are on October 17, 24 and 31. The first of those shouldn’t be a problem, according the CBO analysis. But there might not be enough money for the payments due on the 24th or the 31st.

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