Is the US Deficit Being Bankrolled by China?

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Warnings about increasing the national debt were futile last night, as Congress agreed by overwhelming margins to extend the President's tax cuts. Even reluctant Democrats went along when Republicans said that a "no" vote meant a middle-class tax increase in an election year. Who pays for America's increasing debt? More and more, that turns out to be China, which has become one of America's biggest bankers. In the face of such debt, Warren Olney speaks with experts on economics and Asia about China's leverage on US policy, and what it means for America's clout on trade, human rights, and security in the Far East.
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John Kerry's plan on terrorism

Relief for Working Families Tax Act of 2003

Congressional Budget Office's Budget and Economic Outlook Update

Weisman's article on Congressional extension of tax cut

National Hurricane Center



Warren Olney