As U.S. Averts Default, Japan And China Brace For Next Dollar Drama

wochit business
October 18, 2013 AT 5:36 AM
By Wayne Arnold and Leika Kihara HONG KONG/TOKYO (Reuters) - Deal or no deal, the U.S. Congress' dance with default impressed policymakers and investors in China and Japan with just how vulnerable their own economic revival plans are to the next political tantrum on Capitol Hill. The 11th-hour agreement on Wednesday between Congressional Republicans and Democrats to raise the limit on U.S. government borrowing and end a 16-day government shutdown also averted a default on U.S. Treasury bonds that had threatened the global economy and financial system. But Congress gets another chance to hold ...