- Infowars - http://www.infowars.com -
U.S. must hike debt limit soon to avoid “shock”: IMF
Posted By MarleighJones On June 30, 2011 @ 9:44 am In Economic Crisis,Old Infowars Posts Style | Comments Disabled
June 30, 2011
The International Monetary Fund on Wednesday pressed U.S. lawmakers to quickly lift the government’s borrowing limit to avoid a “severe shock” to global markets and a still-fragile economic recovery.
In an annual review of the U.S. economy, the IMF said the key challenge for the country is finding a way to stabilize its debts by mid-decade without derailing growth, which is likely to remain modest for some time.
“And of course, the federal debt ceiling should be raised expeditiously to avoid a severe shock to the economy and world financial markets,” the IMF said in a statement.
Article printed from Infowars: http://www.infowars.com
URL to article: http://www.infowars.com/u-s-must-hike-debt-limit-soon-to-avoid-shock-imf/
Copyright © 2013 Infowars. All rights reserved.