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The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
webinar-thumb-1108
Estate Planning: Building a Legacy for the Future 
November 8, 2022
Webinar-mobile-desktop-267x320-1
Outlook 2022: Recover. Restart. Rebalance.
March 31, 2022
View All Webinars
Downloads
grocery-shopping-cart-as
Economic Updates
November 2023 Updates: Upward tilt of inflation still a possibility 
November 22, 2023 DOWNLOAD
Commuters-aa
Economic Updates
3Q 2023 PH GDP Report: Upward bias for full-year GDP forecast
November 10, 2023 DOWNLOAD
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Economy 1 MIN READ

Fed’s Harker: A US debt default would have enemies cheering

February 10, 2023By Reuters
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Feb 10 (Reuters) – A default on U.S. government debt triggered by political brinkmanship over federal borrowing limits and the budget deficit would be dire, Philadelphia Federal Reserve President Patrick Harker said on Friday in the latest warning from a central banker over the debt ceiling.

“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.”

(Reporting by Ann Saphir; Editing by Leslie Adler)

This article originally appeared on reuters.com

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