The head of the International Monetary Fund (IMF), Kristalina Georgieva, has asked the US administration to expedite the resolution of the country’s possible default. DEA News.
Georgieva cited Cinderella’s fable as an example.
“Cinderella has to leave the ball at midnight. We’re already at this point, can you please fix this before our car turns into a pumpkin?
He emphasized that the dollar affects the entire world economy. According to him, the stability of the global financial system may be under threat due to a possible default.
formerly Bloomberg reportedIt was reported that the amount of funds that the US Treasury Department (MoF) can use to cover the increasing public debt until the end of May of this year has reached the lowest level in the last six years since 2017. May 27, RIA Novosti agency, citing the report of the White House Council of Economic Advisers reportedthat if the national debt defaults, the US stock market will crash by 45%.