US will never default, Vice-President Biden tells China

BBC – “You’re safe,” Mr Biden told university students in the south-western town of Chengdua, in answer to a question about Washington’s ability to repay its debt. “Please understand that no-one cares more about this than we do, since Americans own 87% of all our financial assets.” “We have an overarching interest in protecting the investment, while the United States has never defaulted and never will default.” Read article