Wednesday, October 16, 2013

Reuters: US Dollar Report: End of U.S. debt ceiling impasse would be a relief -Brazil

Reuters: US Dollar Report
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End of U.S. debt ceiling impasse would be a relief -Brazil
Oct 16th 2013, 19:06

BRASILIA | Wed Oct 16, 2013 3:06pm EDT

BRASILIA Oct 16 (Reuters) - Brazilian Finance Minister Guido Mantega said on Wednesday that an end to the political impasse in Washington to raise the U.S. borrowing limits would be a relief for the world economy.

The risk of a debt default in the United States stemming from politicians' failure to raise the country's debt ceiling has threatened to throw a wrench into the recovery of the world economy.

The U.S. Senate is expected to vote later on Wednesday on legislation to increase the U.S. borrowing limit.

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