Failure by US Congress to agree deal to raise government’s debt limit could deliver “severe shock” to global economy says IMF
Jun 30th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Failure by the US Congress to agree soon on a deal to raise the government's borrowing/ debt limit could deliver a "severe shock" to a still fragile recovery and global markets, the International Monetary Fund (IMF) warned on Wednesday.