IMF’s Gopinath Warns of Rising U.S. Deficits

IMF Warns the US to Raise Revenues to Curb High Budget Deficits Amid Global Growth

The International Monetary Fund (IMF) has sounded an alarm over the United States' escalating budget deficits, which, while fueling domestic demand and contributing to global growth, could pose significant economic challenges. The IMF's First Deputy Managing Director, Gita Gopinath, underscored the urgency for the U.S. to explore avenues to increase its revenues to mitigate these deficits.