US Must Act Now to Change Path of Rising Debt, IMF’s Gaspar Says

The US keeps increasing its borrowings at a pace that can’t go on indefinitely and should take advantage of its current economic situation to fix that, International Monetary Fund official Vitor Gaspar said.

Speaking in Washington, the head of the fund’s fiscal department and former Portuguese finance minister observed that debt in the world’s biggest economy is much more than it was before the pandemic struck.