China Critical of US Credit Rating Downgrade
US dollars (Photo: Tracy O/Flickr)
US stocks tumbled Monday following the downgrading of the credit rating by Standard and Poor’s. The downgrade has also opened up the US to even more criticism about its economic policy — including by China. The official newspaper of China’s ruling Communist Party has lambasted the US for its credit rating downgrade. Anchor Lisa Mullins speaks with Nick Lardy, a senior fellow at the Peterson Institute for International Economics in Washington.
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