WASHINGTON, May 11 (Reuters) - The International
Monetary Fund said on Thursday that a U.S. debt default prompted
by failure to raise the country's debt ceiling would have "very
serious repercussions" for the U.S. economy as well as the
global economy, including likely higher borrowing costs.
IMF spokesperson Julie Kozack also told a news briefing that
U.S. authorities needed to stay vigilant on new vulnerabilities
in the U.S. banking sector, including in regional banks, that
could emerge in the adjustment to a much higher interest rate
environment.
(Reporting by David Lawder)
david.lawder.thomsonreuters.com@reuters.net))
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