G7 finance leaders warn of global threats, pledge support for Ukraine amid U.S. debt crisis

• Secretary Yellen seeks to reassure allies on U.S. debt default risk as President Biden pushes Congress to raise borrowing limit.
• G7 vows to curb inflation, diversify supply chains away from China, and close gaps in banking regulation.
• Allies discuss response to Russia's war in Ukraine, disappointment in developing world's lack of support for sanctions.
• China's "economic coercion" targeted but some wary of confronting Beijing; U.S. pushes G7 investment controls.
• UK's Hunt warns U.S. default would be "absolutely devastating"; G7 sets year-end deadline to launch supply chain scheme.

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