USA Obama Administration Tries to Reassure China on Treasury Debt

Dear Visitors today i discuss about America the national News share some news Bloomberg: The U.S. sought to ease Chinese Premier Wen Jiabao’s concern about the security of his country’s investments in U.S. government debt, reiterating pledges to cut the budget deficit in half in four years.

“There’s no safer investment in the world than in the United States,” White House Press Secretary Robert Gibbs said yesterday at a briefing in Washington.

Gibbs was responding to comments from Wen that China, the U.S. government’s largest creditor, is “worried” about its holdings of Treasuries and wants assurances that the investment is safe. “I request the U.S. to maintain its good credit, to honor its promises and to guarantee the safety of China’s assets,” Wen said at a press briefing in Beijing.

Obama U.S Won't Default On $1 Trillion Loan

Dear Visitors Today we share some facts News about USA and China Relationship, Obama President of America and China Governmental.  China is worried that the U.S. will default on the $1 trillion loan China gave us to, among other things, build McMansions and sell them to each other.

If China gets too worried, they'll stop lending us more money to pay ourselves while no one is buying McMansions, and interest rates will skyrocket, screwing us. So Obama is trying to assure China president Wen Jiabao that we're good for the money.

Which we probably are. In nominal dollars. But wait until we get through inflating our way out of the problem.

Photo showing the legends of web and technology with U.S.President

This picture shows legends of web and technology like Steve jobs,Mark zuckerberg,Larry ellison,Westley with U.S President Obama,...Donno whether its a photoshopped one but its an eye-feast to see this people in one picture,...hope u too like it