Congress Plays With Fire as Asia Examines Debt

Oct. 4 (Bloomberg) -- The U.S. doesn’t deserve Asia’smoney, not with half of its government in financial jihad mode,damn the global consequences.

The biggest economy has long taken its reserve-currencystatus for granted, but the events of recent days raiseWashington’s hubris to entirely new levels. Chinese President XiJinping didn’t mention Ted Cruz, John Boehner or the Tea Partythis week when he urged major developed economies to adoptresponsible policies that avoid negative spillover. He didn’thave to. Their shutdown of the U.S. government and the specterof U.S. default were written between the lines in bold type.