World’s Top Oil Exporter Keeps Faith in U.S. Debt

Saudi Arabia, the world’s biggest oil exporter, isn’t changing its “positive” view on the U.S. Treasuries market even as Democrats and Republicans quarrel over the debt ceiling, central bank chief Fahad Almubarak said.

“The U.S. current crisis will go away and we think its effect won’t be lasting on our investments,” Almubarak said after a speech in Washington yesterday, where he is attending the annual meetings of the International Monetary Fund and the World Bank. “Our long-term view is positive.”