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Does the United States have a debt dilemma?

James Eagle's avatar
James Eagle
Jun 17, 2024
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The US is at a pivotal point in its history. Gita Gopinath, the IMF's deputy managing director, recently urged Washington to take decisive action to reduce its debt, warning that the temptation to finance all spending through borrowing is a path that countries should avoid.

She argued that the US economy is strong enough for some fiscal consolidation. P…

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