On May 10, Beth Hammack, co-head of Goldman Sachs’ global financing department, said that if a solution to the US debt ceiling impasse cannot be found, the status of the US dollar will be threatened.
“There are real risks to the dollar,” said Hammack, who is stepping down as chairman of the U.S. Treasury’s Borrowing Advisory Committee after about five years.
“Anything that threatens its status as the global reserve currency, the safest and most liquid asset in the world, is bad for the American people, the dollar and the U.S. government.”