Warnings to the International Monetary Fund of America’s default in paying its huge debts
The Director of Public Relations at the International Monetary Fund, Julie Kozak, warned of very serious repercussions for the United States of America and the global economy in the event that America defaulted on paying its debts with the approaching legal deadline on the first of next June, calling for an urgent solution to the issue.
The United States is in a state of controversy within Congress between President Biden’s team and Republican members regarding raising the US debt ceiling of 31.4 trillion, as Republican party leaders demanded promises about future spending cuts before agreeing to raise the debt ceiling, while Biden insists on increasing the ceiling. and keep budget talks separate.
Biden and Republican lawmakers made no progress in the meeting earlier this week, and Republicans and the White House plan to start further talks on Friday between Biden and congressional leaders.
