Article Image
News Link • Economy - Economics USA

China warns U.S. debt-default idea is "playing with fire"

• 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 Wednesday.

The idea of a technical default -- essentially delaying interest payments for a few days -- has gained backing from a growing number of mainstream Republicans who see it as a price worth paying if it forces the White House to slash spending, Reuters reported on Tuesday.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: