IMF: US Failure to Lift Debt Ceiling Could Damage World Economy

Failure to raise the U.S. debt ceiling could damage not only the United States but the rest of the global economy, International Monetary Fund chief Christine Lagarde said on Thursday.
“It is ‘mission-critical’ that this be resolved as soon as possible,” she said in a speech in Washington, ahead of the IMF and World Bank annual meetings next week.
Republican and Democratic leaders in the U.S. Congress so far remain at loggerheads over funding the government, keeping …

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