By 
Defense Secretary Lloyd Austin told lawmakers on Thursday a debt default could have a “substantial risk” to the U.S.’ global reputation and present an opportunity for China to exploit the situation. “Well, certainly, it would impact our reputation worldwide. We are known for being very dependable, paying our bills on time and a source of stability globally,” Austin said during a Senate Appropriations Defense Subcommittee (SAC-D) hearing. “There’s just a number of things that we’re working with allies and partners…
