The IMF is sounding the alarm about 'large fiscal slippages' in the U.S and China.
Share on email Inside the IMF's semi-annual "Fiscal Monitor" report there's a direct warning for the White House and Congress : Check your
"How these two economies manage their fiscal policies could therefore have profound effects on the global economy and pose significant risks."— "Fiscal Policy in the Great Election Year" — was released this week at the fund's spring meetings in Washington.has been getting more expensive all year, with the 10-year Treasury yield closing at 4.6% yesterday. That's up from 4.1% from just six weeks ago.
Biden's latest budget does contain $3 trillion in deficit reduction, which he hopes to achieve by rolling back Trump's tax cuts and raising taxes on billionaires and large corporations.
Democrats George W. Bush Congress Congressional Budget Office (CBO) Joe Biden International Monetary Fund (IMF) Republicans Debt China White House Barack Obama
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