The U.S. budget deficit is increasing. On Tuesday, the Obama administration announced it could reach $9 trillion over the next 10 years, $2 trillion more than previously estimated.
C. Fred Bergsten, the director of the Peterson Institute for International Economics, joins Martin Savidge to discuss the possibility of a fall in the value of the dollar and how a falling dollar might impact Chinese investment.
To view this site, you need to have Flash Player 9
or later installed. Click here to get the latest Flash player.
08/28/2009 :: 03:39:41 PM
Howard Allmon Says:
Do you suppose, just suppose, that the fact that China has money in the bank and we(USA) are broke has anything to do with manufacturing ? Do you just suppose?