What might stem a leaky hooter? Timeless problem! (5)
I believe the answer is:
issue
'problem' is the definition.
(issue can mean a problem or difficulty)
I don't understand how the remainder of the clue works.
Can you help me to learn more?
(Other definitions for issue that I've seen before include "Argument" , "Topic; give out" , "Question in dispute to be settled" , "Kids" , "Hot topic; outcome" .)