IMF’s Georgieva: Lack of debt-ceiling solution would have detrimental impact on US economy

International Monetary Fund (IMF) Managing Director Kristalina Georgieva noted on Tuesday that discussions on the US debt-ceiling have always been quite tense but resulted in a solution, as reported by Reuters.

"A lack of solution would have detrimental impact on the US and world economy," Georgieva added. "Hopefully we won't have to wait to the 11th hour for a solution on the US debt-ceiling."

Market reaction

These comments don't seem to be having a noticeable impact on the market mood. As of writing, US stock index futures were down between 0.1% and 0.2%.