WASHINGTON – The International Monetary Fund said on Thursday that a U.S. debt default prompted by failure to raise the country’s debt ceiling would have “very serious repercussions” for the U.S. economy as well as the global economy, including likely higher borrowing costs. IMF spokesperson Julie Kozack also told a news briefing that U.S. authorities needed to stay vigilant on new … Continue reading IMF says US default would have ‘very serious repercussions’ on global economy