IMF, China and EU are expecting USA to apply for international financial assistance when the Republicans refuse to pass the debt limit legislation in mid-October. The USA President Barack Obama is expected to seek 500 billion dollars  as short-term loans from the Eurozone’s rescue fund as well as funds from IMF and China. It is not clear if USA will need to join the EU to qualify for the bailout. China has also been reported to be consulting other nations in Asia, including Japan, India and Korea, as part of its preparations for dealing with USA default.