The International Monetary Fund warned the United States on Tuesday that the government’s rampant spending and growing national debt is not sustainable and could threaten the global economy.
“Something will have to give,” the Washington-based nonpartisan financial agency of the United Nations warned. File photo by Shawn Thew/EPA-EFE
April 16 (UPI) — The International Monetary Fund warned the United States on Tuesday that the government’s rampant spending and growing national debt is not sustainable and could threaten the global economy.
“Something will have to give,” the Washington-based nonpartisan financial agency of the United Nations warned, despite signs of economic growth.
In its latest World Economic Outlook, published twice a year, the IMF warned Tuesday that the U.S. national debt and fiscal deficit threaten to send sky-high inflation levels even higher.
The IMF said the U.S. federal budget…
