G20 Pressures U.S. To Go Deeper Into Debt

G-20 Says U.S. Must Take ‘Urgent Action’ on Debt Ceiling

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The concern, expressed by officials from China to Europe at talks in Washington, is that the lack of a deal would shake markets and risk provoking a worldwide recession.

“A failure to resolve the situation in the U.S. would have global consequences,” Canadian Finance Minister Jim Flaherty said. Chinese Deputy Finance Minister Zhu Guangyao, whose nation is the biggest overseas holder of Treasuries, said “we hope the U.S. heeds the global concerns.”

A month after the U.S. Federal Reserve surprised investors by deciding not to slow its asset-purchase program, the G-20 officials from the world’s leading emerging and developed economies also pledged future changes to monetary policy would be “carefully calibrated and clearly communicated.”


The Money GPS is the book by David Quintieri.
FREE copy @ https://www.themoneygps.com/free