Global stocks, dollar slump in wake of stormiest GOP-White House meeting yet
WASHINGTON — President Barack Obama and top Republicans face growing pressure Thursday to surmount acrimonious divisions over how to avoid a U.S. debt default as an Aug. 2 deadline looms for raising the national debt ceiling.
China, the biggest American foreign creditor with more than $1 trillion in Treasury debt as of March, called on the U.S. government Thursday to adopt "responsible policies" to protect investor interests.
The Foreign Ministry comments followed a warning by Moody's Investors Service that it might strip the United States of its gold-plated credit rating in coming weeks if the $14.3 trillion limit on America's borrowing was not raised.
The prospect of a cut in the American AAA credit rating hit stocks prices globally, and weakened the dollar.
5 comments:
We need to adopt responsible policies?
We have the most irresponsible president in the history of the country.
He doesn't know what truth is.
By the way , I will tell you that China owns us , almost . I would rather be under the rule of China than serve under another term with obama. I pray every day for some sort of revolt or revolution.
Yeah 1:08, because deficits were never a problem until that Obama showed up
How sad. The greatest country the world has ever seen, who saved the world TWICE from tranny, and the place where millions still yearn to come, risking everything for that chance, is being lectured by the worlds largest dictatorship on being financially responsible. Its worse than sad.
ha ha, saved from "tranny". LOL, apparently we didn't do so good of a job because I see quite a few walking around UMES
The Nazis merged into our Society after the Great War and became goernment officials.
We are Germany
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