Christine Lagarde expressed her “huge confidence” that the US will not default on its debt during an interview on CBS’ “Face the Nation” Sunday. She noted that if a debt default did occur, it would have a “very, very negative impact” both in the US and around the world. Lagarde discussed the global recovery and said that the US is a major leader in economic growth around the world and that it is important for the US to address the debt crisis in order to ensure a successful recovery.