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US Lawmakers Urge AT&T To Cut Commercial Ties With Huawei and Oppose China Mobile Citing National Security Concerns (reuters.com)
U.S. lawmakers are urging AT&T, the No. 2 wireless carrier, to cut commercial ties to Chinese phone maker Huawei Technologies and oppose plans by telecom operator China Mobile to enter the U.S. market because of national security concerns, two congressional aides told Reuters. From the report: The warning comes after the administration of U.S. President Donald Trump took a harder line on policies initiated by his predecessor Barack Obama on issues ranging from Beijing's role in restraining North Korea to Chinese efforts to acquire U.S. strategic industries. Earlier this month, AT&T was forced to scrap a plan to offer its customers Huawei handsets after some members of Congress lobbied against the idea with federal regulators, sources told Reuters. The U.S. government has also blocked a string of Chinese acquisitions over national security concerns, including Ant Financial's proposed purchase of U.S. money transfer company MoneyGram International.
The only thing you can do with federal debt instruments is sell them at a discount (take a loss) or not buy any more. Its not on-demand debt and the Treasury has a schedule when it pays out so who owns existing debt doesn't really matter in terms of security.
The US's political inability to live within its means is a "national security" problem caused 100% by our congresscritters, not the Chinese or anyone else external.
Doesn't China own most of American debt? How's that NOT a national security issue?
No, this is a myth. They only own about 5.5% of it and only 19% ($1.2 of $6.3 trillion) of the overall foreign-owned debt. To put it into perspective Japan also owns about 5.4%.
I browse on +1 so AC's need not respond, I won't see it.