The International Monetary Fund (IMF) on Thursday expressed concern about the “severe consequences” for the global economy of a US default on the lack of a deal to raise the debt, after Donald Trump called on Republicans to push the US into default to make the effort. pressure.

The IMF calls for “resolute parties in the United States to come together to reach a consensus.”

“There will be very serious consequences not only for the United States, but also for the world economy, in case of default on the American debt,” the IMF sounds the alarm.

“We urge the parties in the United States to come together to reach a consensus to urgently resolve this issue,” IMF Communications Director Julie Kozak said at a press conference, according to AFP and News.ro.

Trump asks Republican congressmen to push US into default unless massive budget cuts are made

Former US President Donald Trump on Wednesday called on Republican congressmen to initiate a debt default unless there are “significant” budget cuts.

“To the voters, to the senators, I say, if I don’t give you massive cuts, you’re going to have to call a default,” Donald Trump, the 2024 presidential candidate, launched into a moderated discussion with voters. from CNN.

Democrats and Republicans are at loggerheads over raising the U.S. debt, a legislative maneuver needed to keep the world’s largest economy paying its bills, officials and creditors.

Donald Trump estimated that a default would likely be avoided, predicting that Democrats would “give in” on the issue.

His Democratic successor, Joe Biden, has so far rejected the idea of ​​negotiating budget cuts, accusing Republicans in Congress of holding the economy “hostage.”

Without a vote in Congress, the United States could find itself in default this summer. According to the White House, such a situation would have catastrophic consequences for employment and economic growth, as well as destabilize global finances.

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