July 28, 2014
WASHINGTON (AP) - President Barack Obama says investors should
have "absolute confidence" in the soundness of the United States.
Obama made the comment in the Oval Office on Saturday in response to a question about the Chinese premier's concerns about the safety of China's investments in the U.S.
China is Washington's biggest foreign creditor, with an estimated $1 trillion in U.S. government debt. The U.S. is counting on the Chinese to help pay for Obama's $787 billion stimulus package by buying U.S. bonds.
Obama also told reporters he intends to make his push for financial regulation "front and center" at the Group of 20 summit in early April.
The president spoke after meeting with Brazil's leader.
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