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

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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…

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