Connect with us

Hi, what are you looking for?

Top News

Lagarde also warned of the dangers of America’s toxic predicament

Lagarde also warned of the dangers of America’s toxic predicament

Lagarde warned that a US bankruptcy would have dire consequences for both the US economy and the global economy. He emphasized the size of the US economy, the depth of its financial sector and the unpredictability of the situation they face, he writes bloomberg.

According to Lagarde, she trusts the common sense and civic sense of leaders to reach agreement and avoid a very negative outcome.

Lagarde’s concerns come as the United States faces the prospect of a debt default, which could send shock waves through the global economy. US Treasury Secretary Janet Yellen warned that the country may run out of funds to meet its fiscal obligations as early as June 1.

Given the situation, President Joe Biden has agreed with House Speaker Kevin McCarthy to discuss the debt ceiling and budget on Monday.

COVER PHOTO: European Central Bank President Christine Lagarde speaks to the media as she arrives to work at the European Central Bank’s headquarters after she officially assumes her new position on November 4, 2019 in Frankfurt, Germany. Thomas Lunis/Getty Images

See also  The Hungarian national team led by Marco Rossi dazzles the Germans with the Ballon d'Or
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Top News

In a harrowing incident that has shaken the community of Lewiston, Maine, a series of shootings on Wednesday evening resulted in a tragic loss...

Top News

President Joe Biden’s abrupt departure from a speech on the U.S. economy at the White House on Monday sent a ripple of speculation and...

World

Chinese scientists have discovered a little-known type of ore containing a rare earth metal highly sought after for its superconducting properties. The ore, called...

Top News

Given the differences in styles with next-generation consoles, the so-called “console war” between Sony and Microsoft is arguably moot. Most console players, however, will...

Copyright © 2024 Campus Lately.