U.S. Treasury's Adeyemo says default's impact would last for years

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.

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)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

U.S. Treasury's Adeyemo says default's impact would last for years

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Solid price gains for gold, silver after busy news weekend

Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio

off-the-wire

U.S. Treasury&apos;s Adeyemo says default&apos;s impact would last for years

By Reuters

Reuters

Reuters

U.S. Treasury's Adeyemo says default's impact would last for years