The recent operational report by Pemex boss Juan José Suárez Coppel shows clearly that the state-run oil monopoly has become a serious obstacle to the nation’s development.

President Obama’s address to the nation Monday night was out of sync. It was too little, too late, showing that he’s lost control of the debt crisis, and at the same time demonstrating that Congress is now in charge.

This may well be the week when the global financial markets say enough is enough to Washington’s preposterous partisanship. I mean, don’t these politicians realize what is really at stake here?

The way things are shaping up, the Aug. 2 deadline when the White House says it will run out of money to pay its bills will arrive without a debt ceiling deal. Even if a temporary pact is achieve to allow budget negotiations to continue, the U.S. debt may still be downgraded by one or more rating agencies.