IMF warning over US shutdown

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IMF warning over US shutdown

TodayFM
TodayFM

5:39 PM - 9 Oct 2013



The IMF has warned American politicians that the longer the Government shutdown continues - the greater the risk to the world economy.

President Barack Obama and Republican leaders in Congress have yet to reach an agreement to end the shutdown - which has seen 800-thousand federal employees forced into unpaid leave.

The IMF's financial counselor says that if the shutdown doesn't avoid a debt default - there would be a "worldwide shock" which would have "significant reprecussions on global markets".



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