the new head of the imf joins the chorus of people around the world telling the united states to get its shit together:
IMF's Christine Lagarde warns Europe and US over debt crises | Business | guardian.co.uk
and the repercussions of this absurd game of chicken are at this point being taken mostly by the dollar:
Quote:
But action on the foreign exchanges perhaps suggests the dollar is starting to feel the weight of investors’ chagrin at Washington’s inability to conclude the tortuous budget negotiations as the August 2 deadline approaches.
The greenback is down 0.7 per cent on a trade-weighted basis to 73.62 and is struggling against most big crosses, losing 0.8 per cent to $1.4495 versus the euro and at SFr0.8025 is threatening to close below SFr0.80 for the first time.
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Dollar takes brunt of Washington debt deal battle - FT.com