Tag: U.S. loans

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China Urges U.S. to Take Responsible Action on Debt

As the U.S. Congress and Obama Administration are engaged in a protracted and bitter battle over the federal budget and debt ceiling, China, the United States’ largest creditor, is also getting involved. From the New York Times:U.S. policy makers are locked in tense negotiations over the government debt limit, which the Obama administration says must be raised from its current level of $14.29