President Joe Biden was set to make a historic tour through the Indo-Pacific over the next week, becoming the first sitting U.S. President to visit Papua New Guinea, an island state that declared a national holiday for his arrival. But negotiations over the debt limit back home forced the President to cut his trip short, and he’ll return to Washington immediately after the G-7 summit in Hiroshima, Japan. Debate over the debt ceiling could not be postponed, the White House said, with as the U.S. closes in on the day it will run out of cash. Biden’s cancelled visits would have taken place at a time of growing concern about China’s expanding military and economic influence in the region, and on the heels of G-7 discussions about competition with China and the war in Ukraine. Can the U.S. reassert itself as a leader on the international stage if it can’t take care of business at home? The New Yorker staff writers Susan B. Glasser, Jane Mayer, and Evan Osnos analyze America’s global standing and the G-7 summit in this week’s roundtable discussion.