Their worries stem from an inescapable reality: for other governments, there is still no good alternative to holding the almighty dollar, or American Treasury securities, even if the United States gets tarnished by a once-unthinkable credit downgrade.
China, which has the most to lose because it holds the largest amount of Treasuries — at least $1.16 trillion — offered a blistering attack on Washington on Friday, calling for a show of responsibility and an end to the partisan
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