German Minister Urges Caution on U.S. Debt Ceiling Talks Amid Budget Deadline Miss.
German Finance Minister Christian Lindner hopes American lawmakers will be "mature" over the debt ceiling negotiations to avoid further headwinds for the global economy. U.S. Congress is trying to find a compromise on the debt limit, and time is running out for an agreement. U.S. Treasury Secretary Janet Yellen warned earlier this month that without a deal, the largest economy in the world could default by June 1. Lindner and Eurogroup President Paschal Donohoe both emphasized the importance of resolving the issue for the stability of the global economy at the G-7 meeting.