Downgrading the US in China
This video is about the Chinese view of America’s budget battles (Hat tip Kevin). The US congress has until November 23rd to figure out on how to reduce its public debt. If it doesn’t, eventually mandatory budget cuts will go into place. As a result, Guan Jianzhong, the head of China’s only independent credit rating agency, has warned Dagong Credit might have to downgrade the US again.
Source: Al Jazeera