• China Notes That It Would Kind of Like Us to Pay Our Debts

    Uh oh! Shut off the lights and everybody act not we're not home. China's knocking on the door and they want their money

    China, the United States’ biggest creditor, urged the United States government on Thursday to act to protect investors’ interests, highlighting rising concerns around the globe about the protracted budget talks taking place in Washington…

    Any failure to pay debt that is coming due would effectively amount to a default, which, however brief, could shake confidence in the American economy and severely unsettle global financial markets.

    New Mexico, you stall them with your bead collection while the rest of us slip out through the Gulf into Central America. They'll never look for us there.

    Tags: China, Debt, Economy


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