G20 Officials Meet in Washington With an Eye on the Debt Ceiling
The G20 Finance Ministers and Central Bank Governors leaders met in Washington this week to discuss international finance reform and risks facing the global economic and financial system. Among those risks, of course, is the ongoing partial shutdown of the U.S. government, the increasingly dubious political environment, and the looming debt ceiling.
U.S. Treasury Secretary Jack Lew and Federal Reserve Chair Ben Bernanke were among those attending a dinner with other finance officials on Thursday and tried to play down fears that the U.S. would default. Leaders of the Republican party did meet with President Barack Obama last night to discuss a possible deal, but it’s unclear if any real progress was made.
Anton Siluanov, Russia’s finance minister, told reporters that, “Colleagues from the U.S. Treasury and the Federal Reserve have said that they hope to solve the issue soon. They said that the problem will be solved by the 17th.”