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With US fiscal dysfunction and the threat of default likely to persist, the Peterson Institute held a panel discussion on October 23, 2013, to understand what is at stake. Panel presenters included Anna Gelpern, PIIE senior fellow and professor at Georgetown Law School; Franklin Allen, professor at the University of Pennsylvania's Wharton School of Business; David Stockton, senior fellow at PIIE and Macroeconomic Advisers; Angel Ubide, PIIE senior fellow and co-director of global economics at D.E. Shaw Group; and Adam S. Posen, president of PIIE. For more information, visit: http://www.piie.com/events/event_detail.cfm?EventID=304