Was cut due to budget restrictions, the capability being delivered using US assets.
They are under pressure to have more deposit funding of their U.S. assets.
Nato, he added, was still "by all odds the greatest single US asset".
I believe the near-term focus is to get the program office established with U.S. assets.
Foreign holdings of US assets are concentrated in debt.
"It's not hard to see why investors may be reluctant to buy U.S. assets," he added.
And if the dollar's a safe haven, people want to buy more U.S. assets.
They generally invest those excess dollars in U.S. assets.
Don't think China will stop buying US assets.
In addition, the legislation eliminated unintended tax incentives for companies to move U.S. assets overseas.