Fed official warns of ‘extreme’ market reaction unless debt ceiling is raised

U.S. Senate Minority Leader Mitch McConnell walks into the Senate chamber ahead of the passage of a bill to raise the debt ceiling, which has been blocked by his Republican Party. photo / application

Two senior U.S. Federal Reserve officials today warned that failure to raise the U.S. debt limit would have dire consequences, as Senate Republicans blocked and blocked a bill to increase the debt limit. ‘loan.

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