The absurdist political theater surrounding the US government debt ceiling is having another revival. With debt default looming next month, President Donald Trump has agreed to a deal that will grant emergency relief for Hurricane Harvey and raise the ceiling — until December, when another phony fiscal crisis is scheduled. Given the impressive dysfunction of Congress, compounded these days by ...

The recently held Brexit talks between the UK and the European Union didn’t go well. The March 2019 deadline for concluding an agreement is approaching, and progress has been much too slow. Prime Minister Theresa May needs to get a grip on this process. Britain’s government faces two crucial obstacles. It’s in May’s power to break through both. The first ...

China’s ban on initial coin offerings has provided a much-needed pause in the booming market, where people ranging from legitimate entrepreneurs to outright thieves attract money by selling digital tokens. But the move also raises a question: How can any government control a phenomenon that transcends national borders and rules? The Chinese central bank’s decision to outlaw token sales is ...