As the biggest debtors to the US are the Chinese, as they helped to bail them out in 2008, with certain agreements to fulfil in the future! It will be interesting if they default for a second time, and how the Chinese government will handle their a front to the contract! #AceContractNews
By This Is Money Reporters
PUBLISHED: 02:54 EST, 8 October 2013 | UPDATED: 11:32 EST, 8 October 2013
CLOSE: Worries over the state of the global economy and America’s crippling debt deadlock hammered stock markets and pushed the FTSE 100 Index to a three-month low.
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FTSE CLOSE: China warns US ‘clock is ticking’ on raising debt ceiling