2023-05-23 20:43:00
Georgieva said in a press conference that she hoped the global economy would not have to wait until the last minute for a solution to the US debt ceiling crisis.
“Hopefully we don’t have to wait that long,” she added.
The White House had announced that the United States would never default on its debt, despite the lack of agreement in Congress on raising the debt ceiling.
Earlier today, US President Joe Biden held a meeting with US House Speaker Kevin McCarthy, during which they emphasized that the United States would not be allowed to default on its debts.
The US government debt ceiling is currently more than $31 trillion; This is a record compared to all the sovereign debts in the world, and the Republicans in the US Congress require budget cuts in return for agreeing to raise the public debt ceiling.
Last January, the US Treasury notified Congress of the start of applying “extraordinary measures”, as a result of the rise in the amount of debt and reaching the specified ceiling, at $31.381 trillion.
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#International #Monetary #Fund #comments #debt #ceiling #crisis
