China expected to try to take advantage of a U.S. debt default, U.S. intel chief says

Kitco Media
By Reuters
Published:
Updated:
Reuters
WASHINGTON, May 4 (Reuters) - China is expected to try to take advantage of any U.S. debt default and both Beijing and Moscow would seize the opportunity to push narratives about America's inability to function as a democracy, the top U.S. intelligence official said on Thursday. "I think our analysts would agree with you that it would be almost a certainty that they would look to take advantage of the opportunity," Director of National Intelligence Avril Haines told the Senate Armed Services Committee. The divided U.S. Congress is running out of time to raise the federal government's $31.4 trillion debt ceiling, with the Treasury Department warning it could be unable to pay its bills as soon as June 1. (Reporting by Phil Stewart and Idrees Ali)

Messaging: phillip.stewart.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.