World Leaders Press the U.S. on Fiscal Crisis
WASHINGTON — Leaders at World Bank and International Monetary Fund meetings on Sunday pleaded, warned and cajoled: the United States must raise its debt ceiling and reopen its government or risk “massive disruption the world over,” as Christine Lagarde, the fund’s managing director, put it.
The fiscal problems of the United States overshadowed the official agendas for the meetings, with representatives from dozens of countries — including two of Washington’s most important economic partners, Saudi Arabia and China — publicly expressing worries about what was happening on Capitol Hill and in the White House.
The leaders came to Washington to talk about the international recovery, Ms. Lagarde said in an interview on the NBC News program “Meet the Press.” “Then they found out that the debt ceiling was the issue,” she added. “They found out that the government had shut down and that there was no remedy in sight.”
“So it really completely transformed the meeting in the last few days,” Ms. Lagarde said.
With only three days left before a potential default, Senate leaders failed on Sunday to reach agreement on a plan to reopen the government and raise the debt limit.
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http://www.nytimes.com/2013/10/14/us/warning-of-global-risk-leaders-urge-us-to-solve-its-debt-limit-crisis.html?_r=0
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