The International Monetary Fund (IMF) has urged the United States to take immediate measures to tackle its rising debt, stemming from factors like pandemic-related expenditures. This growing debt has raised concerns among investors. The IMF warns that if left unchecked, this debt could have serious repercussions, including cuts to public services budgets, increased borrowing costs for everyone, and slower economic growth. Politicians, wary of the unpopularity of addressing such issues, may face tough decisions such as raising taxes or cutting expenditures in essential sectors.
Source: finbold.com
