(WASHINGTONTIMES) — The chief of the International Monetary Fund said Sunday the United States’ stalemate over spending and its debt limit is “very, very concerning” and has rocked the organization’s annual meeting in Washington.

Christine Lagarde said things had been looking up around the world. Speaking with hundreds of finance ministers around the world, they believed that Japan had turned the corner, and that economies in the United States and Europe were on the upswing.

“And then they found out that the debt ceiling was the issue,” she told NBC’s Meet the Press. “They found out that the government had shut down and that there was no remedy in sight. So it really completely transformed the meeting in the last few days.”

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