Any default could impact u.s. Treasuries, raise borrowing costs and make people less willing to invest in dollar-based assets, he said. (Reporting by David Lawder and Susan Heavey; editing by Jasper Ward)
WASHINGTON, May 15 (Reuters) - U.S. lawmakers must act
urgently to prevent a default on the nation’s debt, U.S.
Treasury Deputy Secretary Wally Adeyemo told National Public
Radio on Monday, saying a default would harm the U.S. and global
economies for years to come.
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