Tags:

IMF: Swift U.S. Action on Debt in Global Interest

Monday, 25 Jul 2011 11:20 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

WASHINGTON (Reuters) - The International Monetary Fund warned on Monday the United States must raise the debt ceiling quickly and get its debts under control for the sake of the global economy.

The IMF's urging came as part of a review of U.S. economic prospects in which it concluded a slow-paced recovery can continue with some fiscal tightening but stressed that public debts were a concern.

"Directors (on the IMF board) highlighted the urgency of raising the federal debt ceiling and agreeing on the specifics of a comprehensive medium-term consolidation program," the IMF said as efforts continued between the Obama administration and lawmakers to craft some plan to avoid a potential U.S. debt default. (Reporting by Glenn Somerville and Mark Felsenthal; Editing by Andrea Ricci)

© 2014 Thomson/Reuters. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Trump: Sony Hack May Mean We Have to Wean Off Computers

Thursday, 18 Dec 2014 20:21 PM

Donald Trump says he rarely emails, and he now thinks everyone may have to begin weaning themselves off computers to dea . . .

Obama's Cuban Move Could Mean Loss of Guantanamo Bay

Thursday, 18 Dec 2014 20:43 PM

Normalizing relations with Cuba could mean the end of the U.S. naval base and post 9/11 detention facility at Guantanamo . . .

IRS Head Says Budget Cuts Could Delay Tax Refunds

Thursday, 18 Dec 2014 20:22 PM

Budget cuts at the IRS could delay tax refunds, reduce taxpayer services and hurt enforcement efforts, IRS Commissioner  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved