Rep. Jim Himes (D-Conn.), the top Democrat on the House Intelligence Committee, warned on Sunday that China and Russia could “exploit” a possible U.S. default, which the Treasury Department warns could hit as soon as next month. “Of course, the Russians and the Chinese would seek to exploit it,” Himes said of the debt crisis on CNN’s “State of the Union.” “You know, the United States has never really come close to defaulting on its debt before, so it’s hard for us to imagine what that might look like. But of course, it could be catastrophic. Frankly, the full faith and credit of the United States is the bedrock on which the global financial system is built,” the lawmaker added. H
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