IMF Warns of Urgent Increase in US Debt Ceiling and Fiscal Consolidation Plan
BonTradeThe market continued to count down for the deadline to raise the US debt ceiling as the White House and the Republicans still failed to an agreement on the issue. Wall Street started the week pressured but the loss was pared later in the day after some reports saying that the country may avoid a default after August 2 by using tax revenues to pay interests. The DJIA and S&P 500 Index ended the day losing -0.7% and -0.6% respectively.
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IMF Warns of Urgent Increase in US Debt Ceiling and Fiscal Consolidation Plan
