WASHINGTON (Dow Jones)–The value of the U.S. dollar could decline as markets lose confidence in the ability of the government to pay its bills if lawmakers fail to reach a deal to raise the debt ceiling, the head of the International Monetary Fund warned Thursday.
If no deal is reached before the Aug. 2 deadline set by the U.S. Treasury, “It would probably entail a decline of the dollar relative to other currencies,” IMF Managing …
Tags: Monetary
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