IMF sounds alarm on U.S. debt ceiling

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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