- Journalist who brought down U.S. general is killed in Los Angeles car crash
- Angelina Jolie stunt double sues News Corp over hacking
- Kanye West wins over critics with 'daring' new album 'Yeezus'
- UPDATE 2-United Dreamliner diverted due to possible oil filter problem
- U.S. doctor group votes to recognize obesity as a disease
IMF's Lagarde says U.S. debt ceiling fight could be "catastrophic"
WASHINGTON (Reuters) - The head of the International Monetary Fund on Thursday warned that the fight over raising the U.S. government's debt ceiling could be "catastrophic" for the global economy if not resolved in time.
"If it is not resolved appropriately by it being raised on time ... it could be catastrophic for the global economy," IMF Managing Director Christine Lagarde told Reuters Insider television.
"I very, very strongly hope that all parties, all views will converge in the national interest of the U.S. economy and in the international interest of the global economy. To imagine that the U.S. economy would be in default, would not honor the payments that it owes is just unthinkable."
(Reporting by Timothy Ahmann; Editing by Chizu Nomiyama)
- Tweet this
- Share this
- Digg this