Browsing All posts tagged under »China«

China says US already defaulted, Congress yawns and continues gaming

June 13, 2011

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The leading Chinese rating agency, Dagong Global Credit Rating Co. Ltd., says that while the U.S. Congress and most of America was distracted by Weinergate or the Kardashian’s latest fashion statement or some other asinine tidbit of non-news, the federal government has already defaulted on its debt. “In our opinion, the United States has already […]

China warns U.S. against debt default; GOP scoffs

June 9, 2011

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Note to Republicans: Now is not the time to see if Chinese banks feel like playing a game of “chicken.” According to reports from Reuters, Republican lawmakers are “playing with fire” by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China’s central bank said on […]