New York Senator and presidential candidate Hillary Clinton told CNBC that this week's market turmoil "should be a real wake-up call for our country" on its foreign debt and fiscal policy.
Clinton, appearing on "Power Lunch," said that the level of "our public debt that is now held by central banks and foreign governments is a problem, and I don't want the administration to ignore this wakeup call and just hit the snooze button again. We've got to get serious about our own fiscal house."
Clinton said that issues like protecting intellectual property and pushing for good contractural agreements are made more difficult "if we are dependent on governments like China to continue to buy our debt." She said we are "losing our leverage to make the sort of changes we need to do."