But I think the global economy will understand that the United States has the ability to meet its obligations. But it's not going to be able to do it over the long term if we can't control the growth of government.

China has legally purchased high performance computers, advanced machine tools, and semiconductor-manufacturing equipment from several American companies.

Most of the major increases in the debt ceiling have been accompanied by structural changes in the way we raise and spend money.

The Intelligence Committee will also examine present counterintelligence programs for the Department of Energy, the National Laboratories, and the Department of Defense.

Like any good spy novel, the Cox Report alleges that Chinese spies penetrated four U.S. weapons research labs and stole important information on seven nuclear warhead designs.

The Cox Committee found that the Chinese military acquired many of the technologies over the past seven years, although many of them had been targeted for acquisition for more than a quarter century.

In its report, the Cox Committee concludes that China is using stolen U.S. design information to speed up its deployment of a new nuclear missile force.