IMF Managing Director Christine Lagarde says that the ongoing political uncertainty in the United States over the federal government shutdown is bad enough but a failure to raise the government's borrowing limit when the current maximum is reached later this month would be far worse.
Lagarde calls it "mission-critical" that the fight over the debt ceiling be resolved as soon as possible. Her remarks came in a speech at George Washington University in which she previewed next week's meetings of the IMF and World Bank.
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