Former IMF Official Warns US Debt Could Threaten Economic Growth
===============
#7b8e26cc ver:1.04
Former IMF official warns that the United States' growing debt could threaten economic growth. Debt is projected to reach 166% of GDP by 2054. Meeting interest obligations may require cutting spending, impacting growth. The cost of servicing the debt is expected to exceed defense spending. The US must decide whether to borrow more or cut spending on important initiatives. Janet Yellen believes the debt is manageable at current levels but acknowledges the strain of high interest rates. The US national debt has reached $34.5 trillion, with interest payments projected to exceed $1 trillion this year. #USdebt #economicgrowth...
#newstr #UsDebt #EconomicGrowth #Sustainability #Imf #CongressionalBudgetOffice #BarryEichengreen #TreasurySecretaryJanetYellen #PaulKrugman #DebttogdpRatio
https://here.news/story/7b8e26cc?ver=1.04
US Debt Crisis Worsens as Watchdog Warns of Market Shock /
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2024-06-15 20:59:39
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npub1ucqxsc9t36ddsdn4j3lkq38cp6ywcq93ggpm5kfyjfj94kqyzvgqs5jcjjPublished at
2024-06-15 20:59:39Event JSON
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"content": "Former IMF Official Warns US Debt Could Threaten Economic Growth\n===============\t\n#7b8e26cc ver:1.04\n\nFormer IMF official warns that the United States' growing debt could threaten economic growth. Debt is projected to reach 166% of GDP by 2054. Meeting interest obligations may require cutting spending, impacting growth. The cost of servicing the debt is expected to exceed defense spending. The US must decide whether to borrow more or cut spending on important initiatives. Janet Yellen believes the debt is manageable at current levels but acknowledges the strain of high interest rates. The US national debt has reached $34.5 trillion, with interest payments projected to exceed $1 trillion this year. #USdebt #economicgrowth...\n\n#newstr #UsDebt #EconomicGrowth #Sustainability #Imf #CongressionalBudgetOffice #BarryEichengreen #TreasurySecretaryJanetYellen #PaulKrugman #DebttogdpRatio \n\n https://here.news/story/7b8e26cc?ver=1.04",
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