Failure to Reach US Debt Ceiling Deal Would Cause Contraction in US, World Economies - IMF

May 26th 2023 3:01pm EDT

WASHINGTON (Sputnik) – Failure by the Biden administration and Congressional leaders to reach an agreement on the nation’s debt ceiling would cause contraction in the US and global economies, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Friday.

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