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China lectures Obama on debt ceiling: ‘Clock is ticking’
As if competing interests on Capitol Hill weren't convoluting the government shutdown dilemma and discussion enough, now comes China with somewhat pesky words of wisdom for the White House: Hurry up and solve this.
The "clock is ticking," Chinese Vice Finance Minister Zhu Guangyao said to the BBC. And China, the United States' largest creditor, is "naturally concerned about developments in the U.S. fiscal cliff. The executive branch of the U.S. government has to take decisive and credible steps to avoid a default on its Treasury bonds."
He also added, somewhat speaking to the obvious: "It is important for the U.S. economy as well as the global economy."
Mr. Zhu then spoke of 2011, when the United States' credit rating was downgraded slightly.
"We hope the United States fully understands the lessons of history," he said in the BBC report.
The Treasury Department has given a deadline of Oct. 17 to reach an agreement on the debt ceiling or else face risk of default.
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About the Author
Cheryl Chumley is a continuous news writer for The Washington Times. Previously, she was part of the start-up team for The Washington Times’ digital aggregation product, Times247. She’s also a 2008-2009 Robert Novak journalism fellow with The Phillips Foundation. She can be reached at firstname.lastname@example.org.
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