What the Tea Party Hath Wrought

This from a Reuters news story today:

The dysfunctional gridlock in Washington has also raised concern over the long-term decline of U.S. economic power and the status of the dollar as the world's reserve currency.

"The U.S. is experiencing an 'end of empire' moment and the dollar share of global reserves is likely to fall gradually," said Jim Leaviss, head of retail fixed income at M&G Investments in London.