Debt deal fails to soothe foreign critics
After President Obama and Congress agreed to a deal over the federal debt ceiling this weekend, Treasury Secretary Timothy F. Geithner called the heads of big companies and banks to get their views on the agreement. They told him it would soothe the markets, and that the greatest dangers to the global economy lay far from U.S. shores.
But the countries that have lent the United States trillions of dollars had a sharply different opinion, reacting to news of the deal — which calls for cutting the national debt by at least $2.1 trillion over a decade — with skepticism, if not outright disdain. The newspaper of China's ruling party said that "debt problems remain unresolved" and have been "merely pushed off." Russian Prime Minister Vladimir Putin said that the United States is a "parasite" that is "living in debt."
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Source: http://feeds.washingtonpost.com/click.phdo?i=5b9622a5c7377a5ab72677713b7da198
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