International Monetary Fund Managing Director Christine Lagarde speaks during a press conference in Washington Thursday. (Photo by Saul Loeb/AFP/Getty Images)
“To imagine that the U.S. economy would be in default – would not honor the payments that it owes – is just unthinkable,” IMF Managing Director Christine Lagarde said Thursday. She expressed concern that policymakers’ resolve could weaken just because there is a “bit” of recovery in sight and financial stresses have eased.
Geithner: US ‘in Fourth Quarter’ of Crisis Recovery
The U.S. economic recovery is entering the home strait, though unemployment is still very high and may only come down gradually, outgoing U.S. Treasury Secretary Timothy Geithner said….
