The IMF has warned of 'very serious repercussions' to both the U.S. and global economy if the U.S. defaults on its debt obligations, which could be as soon as June 1. debtceiling
The International Monetary Fund has warned of “very serious repercussions” to both the U.S. and the global economy if the U.S. defaults on its debt obligations, which could be as soon as June 1. “We are calling on all of the parties to come together, reach consensus, and resolve the matter as quickly as possible,” said the IMF’s director of communications.The International Monetary Fund has warned that the U.S.
Our assessment is there would be very serious repercussions, not only for the U.S. but also for the global economy should there be a U.S. debt default. And we strongly encourage the parties in the U.S. to come together to reach a consensus to urgently address this matter. So, we would want to avoid those severe repercussions, and for that reason, we, again, are calling on all of the parties to come together, reach consensus, and resolve the matter as quickly as possible.
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