Hunt also said the impact of sanctions imposed on Russia for its war with Ukraine was not as effective as military support for Kiev, and that the G7 wanted to “derisk” relations with China, rather than to break up with her.
Hunt made the remarks to reporters before meeting US Treasury Secretary Janet Yellen on the sidelines of a meeting of G7 finance ministers in Japan.
Yesterday the White House announced the postponement of a meeting scheduled for Friday between US President Joe Biden, Republican House Speaker Kevin McCarthy and other House leaders regarding raising the debt ceiling until the start of the next week.
Sources close to the talks said the delay was a sign that talks at staff level were progressing.
Congressional Republicans are demanding that Biden agree to a significant cut in fiscal spending first, before agreeing to raise the debt ceiling by $31.4 trillion, a move that will allow the government to borrow more money. money.
The US government had already reached the statutory borrowing limit in January, and since then the Treasury Department has used special accounting measures to make cash available. Yellen told Congress that those measures could end on June 1.
On Thursday, the International Monetary Fund expressed concern about the “serious repercussions” on the global economy of the US default.
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