On Air Now

Current Show

Ground Zero with Clyde Lewis   11:00 PM - 12:00 AM

Call in to Ground Zero at 1-888-673-3700

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
48° Feels Like: 46°
Wind: S 5 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Partly Cloudy 47°

Tomorrow

Mostly Cloudy 70°

Sat Night

Thunderstorms 62°

Alerts

U.S. just days away from 'very dangerous moment': World Bank

World Bank President Jim Yong Kim addresses the plenary session at the start of the annual IMF-World Bank fall meetings in Washington, Octob
World Bank President Jim Yong Kim addresses the plenary session at the start of the annual IMF-World Bank fall meetings in Washington, Octob

WASHINGTON (Reuters) - The president of the World Bank on Saturday warned the United States was just "days away" from causing a global economic disaster unless politicians come up with a plan to raise the nation's debt limit and avoid default.

"We're now five days away from a very dangerous moment. I urge U.S. policymakers to quickly come to a resolution before they reach the debt ceiling deadline...Inaction could result in interest rates rising, confidence falling and growth slowing," World Bank President Jim Yong Kim said in a briefing following a meeting of the bank's Development Committee.

"If this comes to pass, it could be a disastrous event for the developing world, and that will in turn greatly hurt developed economies as well," he said.

(Reporting by Anna Yukhananov and Lidia Kelly; Editing by Andrea Ricci)

Comments