IMF sounds alarm on U.S. debt ceiling

By Staff | October 3, 2013 | Last updated on October 3, 2013
1 min read

Christine Lagarde, the International Monetary Fund’s managing director, has warned the global economy would suffer if the U.S. debt ceiling isn’t raised, reports the Financial Times.

Read: Markets worried about U.S. default

“The government shutdown is bad enough, but failure to raise the debt ceiling would be far worse. So it is ‘mission-critical’ that this be resolved as soon as possible,” the report quotes her as saying in the U.S. capital today.

Read more here.

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