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.
Owe nothing to anyone– except for your obligation to love one another. If you love your neighbor, you will fulfill the requirements of God’s law. (Rom 13:8 NLT)
Should be fun, don’t you think?
- United States Debtor China Weighs in on The Debt Ceiling Talks (fredericacade.wordpress.com)
- And Now One Of America’s Biggest Creditors Is Getting Nervous (businessinsider.com)
- Rating Agency Finds “China Debt Problem Bigger Than Stated” (thepressnet.com)