Chinese rating agency chairman on the creditworthiness of the US govt

Whether the U.S Congress approves the deal to raise the country's debt ceiling or not, it can't improve the repayment ability of the U.S. [The U.S. government is] issuing new debt to repay old debt.

~Guan Jianzhong, chairman, Dagong Global Credit Rating Co., company report, July 14, 2011