News Snapshot:
One important issue that Yellen is likely to discuss with Chinese officials is the US' rising debt, as the country has hit federal borrowing limit and is at risk of a default soon unless Congress raises or abolishes the debt limit, a risk that Yellen has warned of in a letter she wrote to Congress recently. - A + A (Aug 13): The US is eager to increase communication with China at a time when it is facing pressure from domestic businesses to reset China-US relations as well as its own challenges like mounting debt, economists said on Thursday, following...
