From Yahoo News:New IMF chief Christine Lagarde warned on Sunday that a US debt default would jeopardize global economic stability and urged warring American politicians to forge a compromise budget deal.
A default "would certainly jeopardize the stability, but not just the stability of the US economy, it would jeopardize the stability at large," the first woman to head the International Monetary Fund told ABC News.
"And that's clearly against the purpose and the mission of the International Monetary Fund. So we are -- we are concerned."
Without an agreement, she said she could see "interest hikes, stock markets taking a huge hit and real nasty consequences, not just for the United States, but for the entire global economy, because the US is such a big player and matters so much for other countries."....read on
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