Last Updated IST
Representative Image. Credit: AFP File Photo
The International Monetary Fund warned Thursday of severe consequences if the US defaults on its debt, ahead of a rapidly-approaching deadline for the country to raise or suspend its debt ceiling.
"Our assessment is that there would be very serious repercussions not only for the US but also for the global economy should there be a US debt default," IMF communications director Julie Kozack told reporters, urging all parties to urgently resolve the matter.
Deccan Herald is on WhatsApp Channels| Join now for Breaking News & Editor's Picks