Confidence in Treasurys has ebbed, IMF's Lagarde says

08/1/2011 | Bloomberg

Political bickering about the debt limit has harmed the U.S.'s reputation worldwide, said Christine Lagarde, managing director of the International Monetary Fund. "There was a positive bias toward the United States of America, toward Treasury bills," she said. "The current crisis is probably chipping into that very positive bias."

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