she called on the U.S. government will be two sides to reach a budget compromise. 10 U.S. Treasury secretary also warned that the August 2, if they can not raise debt limit, will cause catastrophic damage to the economy.

Lagarde said that the U.S. debt crisis “will certainly affect the U.S. and global economic stability, which is obviously Soccer Jerseys Wholesale incompatible with the purpose of the IMF, we express our concern.” Lagarde said the United States if not the upper limit on the debt agreement “will be higher interest rates and stock market slump and other serious consequences, not only for the U.S. economy, but also the global economy because the U.S. economy is crucial for other country’s enormous impact. ”

Lagarde on the ABC TV “This Week” program that, despite the White House and Republican leaders in raising the national Cheap USA Football Shirts debt on the fierce battle, but she did not think that would be fruitless negotiation, “I can not imagine there will be this result, it is obviously necessary solve the problem, otherwise it will lead to higher interest rates, and ultimately the formation of the heavy burden of American taxpayers. ” Lagarde said the negotiations fail “will be a shocker, the U.S. economy adversely, so I hope the two parties to show sufficient wisdom, recognize the United States and the world economy is facing challenges.”

Geithner on CBS “Face the Nation” program that raising the upper limit of debt “must reach an agreement, failure is not an option, the question is to what extent the agreement will be good.” Ministry of Finance said that the high national debt limit increase was the deadline on August 2. USA Soccer Jerseys Credit assessment department warning, then if no agreement is reached, will lead the U.S. national debt downgrade. Geithner said: “We have no other choice but to unite. The question now is not whether to agreement, but agreement will be beneficial to the economy.” He said: “This week or next week, Argentina Top we have an agreement on the basic contents of the agreement, it is clear leadership to find solutions to problems and ways to vote. ”

He also said: “We will reach a favorable long-term agreement on economic, not just in the short term.” And warned that the credit evaluation department for the first time in history if the U.S. national debt downgrade, “the U.S. economy and the world economy will be disastrous . “