It happened again on Oct 17, at the last minute the United States avoided debt default. But the world is losing patience with the country's dysfunctional leadership.

The world waited with bated breath as the deadline neared. And breathed a sigh of relief when at the last minute the US avoided crossing its "debt ceiling" and a default on its debts. The debt ceiling was raised, and the part government shutdown ended on Oct 17 after weeks of a high-profile standoff between US President Barrack Obama and the Republicans in Congress.

But this relief was mixed with incredulity and frustration.