Obama's agenda in Asia

Following a South Korean trade pact in 2012, the U.S. deficit with that country widened by 80 percent. But some argue that if the U.S. doesn't create trade rules, there won't be any.

President Obama cancelled a planned trip to Asia this week to deal with the political crisis at home. That's disappointed — even worried — some of America's friends in the region who are counting on the United States to stand up to an increasingly assertive China.