Spectre of US debt default looms at Asia summit
BANDAR SERI BEGAWAN, BRUNEI (AFP) - The United States sought to reassure Asian leaders gathered for an annual summit that Washington would resolve its political stalemate, after China voiced concern over a possible US debt default.
The spectre of a calamitous default has emerged as a major issue at the Asian summit in Brunei, held in the absence of President Barack Obama after he was forced to stay home due to the US government shutdown.
With Asian countries like China sitting atop a mountain of Treasury bonds, Chinese Premier Li Keqiang expressed "Beijing's concern about Washington's debt-ceiling problem".
Li conveyed that message in talks with Obama's stand-in, US Secretary of State John Kerry, late Wednesday in Brunei, China's official Xinhua news agency reported.