IMF Urges US to Tackle Rising Debt Amid Strong Economic Performance

The IMF calls for broad tax reforms and spending cuts to address growing fiscal risks despite robust growth and controlled inflation.

The US debt-to-GDP ratio is projected to rise to 140% by 2032, up from the current 120.7%.
IMF suggests raising taxes on incomes below $400,000 and reforming entitlement programs.
The US economy is praised for exceeding pre-pandemic GDP levels and maintaining strong growth.
High deficits and debt levels are cited as risks to both the US and global economies.
The IMF recommends avoiding trade tariffs and resolving trade issues through negotiations.