By Tim Reid and Emily Kaiser
China, Washington’s largest foreign creditor, has been particularly blunt about other countries’ exposure to Washington’s partisan warfare. “The ugliest part of the saga is that the well-being of many other countries is also in the impact zone when the donkey and the elephant fight,” China’s state-run news agency Xinhua wrote in a commentary, referring to the symbols of the Democratic and Republican parties.
By Mike Lillis
In the debt-ceiling debate, for instance, House Democrats insisted on tax-revenue hikes that
didn’t materialize and demanded domestic investments that were excluded. The combination, the Democrats charged Monday, saddles the middle class with the burden of reducing the deficit while letting corporations and wealthy Americans off the hook.
- China: U.S. debt fight ‘dangerously irresponsible’ (money.cnn.com)
- Asian Markets Rally on Debt Deal News (abcnews.go.com)