US senator warns of ‘financial meltdown’ risk... Judd Gregg says US heading for debt-driven "financial meltdown" within 5-7 yrs... "We have had China say that they are looking for other places to put their reserves and that is probably a smart decision on their part... So the warning signs are pretty clear and the path is unsustainable and, at this point, unless we take different actions, unavoidable."... http://www.ft.com/cms/s/0/d618a9a4-225b-11df-a93d-00144feab49a.html (3*) (may need to register with FT for free first)