Asian concerns mount over US debt


The US Secretary of State, Hillary Clinton, has made efforts to reassure Asian investors that her country's lawmakers will be able to reach a deal and avert a debt default.

Mrs Clinton made the comments after meeting with Hong Kong's Chief Executive Donald Tsang, as she neared the end of a tour of Asia.

Congress and the White House have yet to find a way to break the impasse to raise the debt ceiling. Asia countries hold nearly $3trn in US government debt.

Richard Jerram, chief economist of Bank of Singapore says China has a particular interest in the American lawmakers making a deal.

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