IMF spokeswoman Julie Kozak said at a press briefing: “Our assessment indicates that very serious repercussions are expected, not only for the United States, but also for the global economy, in the event default of the United States”, calling on all parties involved to resolve the issue. Urgently.
She added that “US authorities should be cautious about new vulnerabilities in the US banking sector, including regional banks, that may emerge … in light of the significant rise in interest rates.”
Read the Latest World News Today on The Eastern Herald.
