Economics

U.S. Debt Load Seen Worse Than Italy's by 2023, IMF Predicts

Greenspan says tax cuts problematic because they’re unfunded
Trump’s budget chief urges Congress to approve spending cuts

Former Fed Chairman Alan Greenspan says the U.S. tax cuts are "unfunded." (Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Vincent Del Giudice and Alexandre Tanzi

April 18, 2018 at 1:40 PM UTC

Updated on

April 18, 2018 at 5:55 PM UTC

This article is for subscribers only.

Mamma Mia!

In five years, the U.S. government is forecast to have a bleaker debt profile than Italy, the perennial poor man of the Group of Seven industrial nations.