Home » Business » Enemy countries cheer in miserable US default = Philadelphia Fed President | Reuters

Enemy countries cheer in miserable US default = Philadelphia Fed President | Reuters

Philadelphia Federal Reserve Bank President John Harker said on Thursday that a default on U.S. Treasuries caused by political turmoil over the federal debt ceiling and budget deficit would be disastrous. Photo courtesy of the US Congress. February 2022 (2023 REUTERS/Tom Brenner)

[10日 ロイター] – Philadelphia Federal Reserve Bank President John Harker said on Thursday that a default on U.S. Treasuries caused by the political game over the federal debt ceiling and budget deficit would be disastrous.

“If the United States, the world’s major power, defaults on its debts, it will be irreversible. Our competitors and enemies will cheer in the streets,” he said at a conference at the Center for Global Interdependence.

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