Tax & Spend
ECB’s Lagarde Says She Can’t Imagine US Will Default on Debt
- Appeals to US to set politics aside in interest of the economy
- ECB head issues warning during visit to Washington for IMF
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European Central Bank President Christine Lagarde said she doesn’t foresee the US defaulting on its debt, saying such an outcome would have dire consequences around the world.
“I have huge confidence in the United States,” Lagarde said in an interview for CBS’s “Face the Nation” on Sunday. “I just cannot believe that they would let such a major — major — disaster happen.”