Hunt Says US Debt Impasse Poses Serious Threat for Growth

UK Chancellor of the Exchequer Jeremy Hunt warned the US debt ceiling impasse poses a serious risk for the global economy.

“It would be absolutely devastating if America, which is one of the biggest motors of the global economy, was to have its GDP knocked off track by failure to reach agreement,” Hunt said after the Group of Seven meeting of finance ministers and central bank governors wrapped up in Niigata, Japan, on Saturday.

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