While lawmakers may have averted a disaster by reaching an eleventh hour agreement to raise the debt ceiling, there are lingering concerns about the lasting impact the debt debate may have on Americas standing in the world.
As it stands now, the United States is seen as the engine of the world economy. The dollar is the global currency reserve.
But the acrimonious debate raised concerns for Americans biggest creditors like China, which holds than $1.5 trillion in U.S. Treasuries.
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WALL STREET DAILY – Weak or Strong, Dollar Persists as Reserve Currency
As it stands now, the United States is seen as the engine of the world economy. The dollar is the global currency reserve.
But the acrimonious debate raised concerns for Americans biggest creditors like China, which holds than $1.5 trillion in U.S. Treasuries.