IMF Chief Fears the ‘Unthinkable’ in America’s Debt-Ceiling Standoff

IMF Chief Fears the ‘Unthinkable’ in America’s Debt-Ceiling Standoff
IMF Managing Director Kristalina Georgieva speaks during a panel discussion at a summit in Glasgow, Scotland, on Nov. 3, 2021. DANIEL LEAL/AFP via Getty Images
Tom Ozimek
Updated:
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International Monetary Fund chief Kristalina Georgieva weighed in on the U.S. debt-ceiling standoff, warning in a recent interview that unless U.S. lawmakers take negotiations “very seriously,” then an “unthinkable” debt default can happen, with “very damaging” effects, including even higher interest rates and inflation.

Georgieva made the remarks during an interview on CBS that aired on Feb. 5, which came on the heels of what she described as a “less dire” IMF economic report that saw some adverse risks moderating since the agency’s prior report several months back.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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