Lawmaker Warns US Default Risks Dollar’s Reserve Currency Status, Exploitation by China and Russia

Lawmaker Warns US Default Risks Dollar’s Reserve Currency Status, Exploitation by China and Russia


Bitcoin.com
2023-05-10 02:30:52

The top Democrat on the House Intelligence Committee has warned that China and Russia would seek to exploit the chaos resulting from a U.S. default. He further cautioned that the U.S. dollar’s reserve currency status could be eroded if the U.S. defaults on its debt obligations. U.S. Lawmaker’s Debt Default Warning Congressman Jim Himes (D-CT),