‘Playing with Fire’: Citi CEO Warns During Virtual Roundtable About Defaulting if Debt Ceiling Isn’t Raised

Citi CEO Jane Fraser warned on Wednesday that the United States is “playing with fire” over possibly defaulting on its loans were the debt ceiling not to be raised by the Oct. 18 deadline.

During a business roundtable with President Joe Biden and senior officials in his administration, Fraser said acknowledged that she does not know “what the right legislative solution is,” but “from an economic perspective, we need to resolve this issue very
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