Home / Business

IMF chief issues warning over DC debt limit drama

By Chen Weihua in Washington | China Daily | Updated: 2013-10-12 07:11

Chinese and international financial leaders are voicing deep concern about the drama unfolding in the United States over an increase in the country's debt ceiling, a government shutdown and the possible tapering of quantitative easing.

Christine Lagarde, managing director of the International Monetary Fund, said a failure to lift the debt ceiling will cause significant disruption and add uncertainty to the global economy.

"It will have fiscal consequences for the United States. It will have financial consequences not just for this country, but across the globe," Lagarde said.

IMF chief issues warning over DC debt limit drama

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349