U.S. Debt to China: Implications and Repercussions

Today’s hearing is focused on analyzing and understanding the implications and repercussions of the United States' high and rising debt to China. John Paul Getty is quoted as saying, "If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem." Today, we’ll find out whose problem it is when the U.S. owes China – our banker – as much as $1.5 trillion.