“White House warns of Russia and China’s potential to exploit US debt default”

White House spokeswoman Karen Jean-Pierre warned that Russia and China would take advantage of Washington’s default on public debt to highlight chaos in the United States, shake the world’s confidence in the dollar and hit markets.

Commenting on the prospects of a debt default, Jean-Pierre said: “China and Russia will try to use the debt default to show the chaos within the United States, as well as our inability to function as a democracy. This will also create mistrust in the world in the dollar, in American institutions and leadership, which Which will lead to disruption of markets that depend on the dollar.”

US Treasury Secretary Janet Yellen said that there is a “big gap” between the positions of President Joe Biden and the Republicans regarding raising the debt ceiling, which has turned into a crisis after it reached its highest level.

And the American businessman and billionaire Elon Musk considered that the debt default in the United States is only “a matter of time, which will be followed by a great depression.”

Source: Novosti