Stalled diplomatic talks with Iran could lead to renewed military conflict.
Escalating trade tensions with the EU risk damaging key alliances and the global economy.
The constitutional debate over the War Powers Act creates significant political and legal uncertainty.
Sustained high gas prices and a national debt over 100% of GNP pose serious economic risks.
Opportunities Identified
A diplomatic resolution with Iran, however difficult, remains a possibility being pursued by the administration.
New oil production from Venezuela is cited as a potential future mitigator for high U.S. gas prices.
Despite budget cut proposals, Congress has previously demonstrated strong bipartisan support for fully funding NASA, suggesting key programs will be protected.