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- US: IMF' Lagarde about US debt ceiling bill
US: IMF' Lagarde about US debt ceiling bill
- We welcome the agreement to raise the U.S. government's borrowing limit and cut the budget deficit.
- By reducing a major uncertainty in the markets and bolstering U.S. fiscal credibility, this agreement is good for both the U.S. and the global economy.
- Raising the debt ceiling means a severe economic disruption has been avoided, and the accompanying deficit reduction deal is an important step toward fiscal consolidation.
- Given the fragility of recovery, the planned spending cuts are appropriately phased and not overly frontloaded so as not to undermine growth.
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