Houston Community News >>
8/3/2011-- America's biggest creditor --
China
-- is signaling deep unhappiness over this week's deal to raise the U.S.
debt ceiling and the way it was accomplished.
A Chinese credit rating agency Wednesday downgraded U.S. debt, saying the deal does nothing to address the underlying problem. And the official Xinhua news agency dismissed the negotiating process that produced the deal as "a madcap farce of brinksmanship."
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A Chinese credit rating agency Wednesday downgraded U.S. debt, saying the deal does nothing to address the underlying problem. And the official Xinhua news agency dismissed the negotiating process that produced the deal as "a madcap farce of brinksmanship."
Read More
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