Joyce Beatty actually said...

"Even the prospect of defaulting is harmful to the United States economy."

"What they did jeopardized our role on the political stage and created opportunities for China and other foreign adversaries to weaken our power and influence."

"The U.S. dollar is considered the global reserve currency because roughly 60 percent of central bank reserves around the world are held in U.S. dollars."

"Today, we are here to discuss the critical role of international financial institutions in the global economy and the increasingly large role that China is playing as a global lender to supplant U.S. ..."