Tags:

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

Monday, 25 Jul 2011 11:20 AM

 

Share:
  Comment  |
   Contact Us  |
  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.

Share:
  Comment  |
   Contact Us  |
  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.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Feinstein Replacement: Ham Sandwich or Michelle Obama?

Thursday, 23 Oct 2014 16:16 PM

Shades of Bill and Hillary! When 2016 comes to a close, we may not have seen the end of the Obama dynasty. . . .

New York City Hospital Testing Doctor With Ebola-like Symptoms

Thursday, 23 Oct 2014 15:46 PM

A New York City hospital is running Ebola tests on a doctor who returned to the United States from West Africa with a fe . . .

Poe: Terrorists Targeting Military, Law Enforcement

Thursday, 23 Oct 2014 15:32 PM

The FBI has issued warnings to the U.S. military and law enforcement groups that they are being targeted by terrorists,  . . .

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