IMF lambasts US over ballooning debt ...News

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IMF lambasts US over ballooning debt
source : Russia Today ( News ) () 110
The Biden administration’s fiscal policy is a cause for concern, according to a report The International Monetary Fund (IMF) has raised concerns about overspending by the US government, warning it has been reigniting inflation risks and undermining financial stability around the world. The US federal budget deficit jumped from $1.4 trillion in fiscal 2022 to $1.7 trillion last year, according to the latest World Economic Outlook, issued by the IMF on Tuesday. “The exceptional recent performance of the United States is certainly impressive and a major driver of global growth,” the IMF said. However, the report expl

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