Скачать или смотреть G-7 finance ministers begin meeting in Japan

(11 May 2023)
ASSOCIATED PRESS
Niigata - 11 May 2023
1. Various of Finance Ministers and Central Bank Governors Meeting
STORYLINE:
The financial leaders of the Group of Seven wealthy nations met in Japan on Thursday as a standoff over the U.S. debt ceiling and potential default looms as one of the biggest potential threats to the global economy, along with the war in Ukraine.

U.S. Treasury Secretary Janet Yellen said one of her priorities in Niigata, a port city on the Japan Sea coast, is to emphasize the importance of resolving the standoff over the national debt in the world's largest economy.

The impasse over U.S. spending risks leaving the government unable to pay for teachers in classrooms, law enforcement, medical care for veterans and “cutting to the bone” vital benefits to many Americans, Yellen said.

It also is undermining U.S. economic leadership.

While in Japan, Yellen also is bound to be seeking to reassure her counterparts over recent bank failures that have raised worries over risks for the global financial system.

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