International Monetary Fund warns about the sudden increase in Washington’s debt.
While the White House and Congress are arguing over the ceiling of the government’s payment budget, the International Monetary Fund has warned that with the current state of increasing financial arrears, the US will face a worse economic crisis.
Managing Director of the International Monetary Fund in a press conference announced an alarm about the increase in Washington’s debt ceiling to the International Monetary Fund and warned that the inability of the Biden administration to repay financial arrears will put the American economy at serious risk.
Sputnik news agency reported on Friday evening that “Kristina Georgieva”, the managing director of the International Monetary Fund, in an interview with the news media, warned that “the effects of the US debt crisis will definitely cause the US economy and the world economy to stagnate.”
According to this report, the International Monetary Fund has warned Washington officials that the US House of Representatives should immediately set a ceiling for the government’s domestic borrowing and prevent its repetition by determining the fiscal policy.
In the statement of the International Monetary Fund to the Congress officials, it is stated that “Congress should immediately set a ceiling on its borrowing to prevent a financial collapse crisis, so that the ground for setting the budget for the fiscal year 2024 is seriously prepared.”
It should be noted that the head of the International Monetary Fund warned Washington officials today that the debt crisis of the United States to the International Monetary Fund is increasing and it may face a problem in repaying the initial arrears for the first time at the beginning of June.
