Repercussions

The International Monetary Fund (IMF) has warned of "very serious repercussions" for both the US and the global economy if the US defaults on its debt obligations, which could be on June 1. "We must cooperate, reach consensus and…

The recent acquisition of First Republic Bank, the fourth US bank to fail this year, has raised concerns about the potential repercussions of this new failure on the US and international economies. While US President Joe Biden has…