The U.S. is fortunate that the euro is not a reserve currency in waiting , as it looked a decade ago , and the Chinese renminbi is nowhere near ready to challenge the dollar . The U.S. is facing up to yet another battle over its public funding and debt . In the past few years, a series of government shutdowns has left many Americans wondering what exactly it would take for Congress to agree on an increase in federal spending levels. Money markets will get nervous at the continued dysfunction in U.S. politics . The eurozone is only just emerging from recession and certainty is needed .
The U.S. is facing up to yet another battle over its public funding and debt . In the past few years, a series of government shutdowns has left many Americans wondering what exactly it would take for Congress to agree on an increase in federal spending levels. Money markets will get nervous at the continued dysfunction in U.S. politics . The eurozone is only just emerging from recession and certainty is needed .