WASHINGTON, July 25 The International Monetary
Fund warned on Monday the United States must raise the debt
ceiling quickly and get its debts under control for the sake of
the global economy.
The IMF's urging came as part of a review of U.S. economic
prospects in which it concluded a slow-paced recovery can
continue with some fiscal tightening but stressed that public
debts were a concern.
"Directors (on the IMF board) highlighted the urgency of
raising the federal debt ceiling and agreeing on the specifics
of a comprehensive medium-term consolidation program," the IMF
said as efforts continued between the Obama administration and
lawmakers to craft some plan to avoid a potential U.S. debt
(Reporting by Glenn Somerville and Mark Felsenthal; Editing by