Fed’s Harker: A US debt default would have enemies cheering
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Reuters reported that Philadelphia Federal Reserve President Patrick Harker said on Friday in the latest warning from a central banker over the debt ceiling that a default on US government debt triggered by political brinkmanship over federal borrowing limits and the budget deficit would be dire,
“Imagine us as a nation, the leading nation in the world, defaulting on our debt – that’s hard to recover from,” Harker said at a Global Interdependence Center conference in La Jolla, California. “And our competitors, our enemies, will cheer in the streets.”
Harker was reported saying.
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