(The Center Square) – The International Monetary Fund warned the United States that government spending and increasing national debt are not sustainable and could hurt the global economy.
The Washington, D.C.-based group that represents 190 member countries also called the U.S. economy “overheated.” The debt warning follows several other high-profile calls to address growing U.S. debt.
“Amid mounting debt, now is the time to bring back sustainable public finances,” according to the latest IMF Fiscal Monitor report.
In its latest World Economic Outlook, the IMF warned that the U.S. national debt and deficit could push inflation levels higher.
“The exceptional recent performance of the United States is certainly impressive and a major driver of global growth, but it reflects strong demand factors as…
