The article said that China's trade surplus with the United States had dropped from $50 billion a month to $20 billion a month. They are going to spend more on their own economy. The question is, How could they buy more and more and more of our debt, even if they wanted to, when they don't have the money to do so? It portends higher interest rates, as Mr. Melloan wrote.
Discussing China's trade surplus and its implications for U.S. debt during Senate floor debate.
Share
More from Pete Sessions
You talk about fairness, you talk about cost-effectiveness, you talk about being pragmatic, you talk about science-based answers.
It does not take a lot to have to sit here and listen and conjure up in your mind the undertaking that you are all involved in.
You are the head of this organization, and you have proposed taking to 11 parts per billion.
Other voices in this conversation
