ACTV - The Ascending Budget Issue
2024-05-09 00:48:37 ET
Summary
- The U.S. budget situation is a concerning issue that needs bipartisan efforts to address responsibly.
- Panicked bond traders may force policymakers to take action if they fail to address the growing debt.
- The IMF chief economist warns that "something will have to give" if the U.S. does not find a solution to its budget problem.
Well, the U.S. budget situation has ascended to the lead opinion piece in the Financial Times.
We read about "The long shadows of America's growing debt."
And, the editors of the Financial Times close with
"Sooner or later policymakers need to engage in bipartisan efforts to think seriously about how America funds itself responsibly. If not, panicked bond traders may force them to. As the IMF chief economist, Pierre-Olivier Gourinchas, said last month: 'Something will have to give.'"...
The Ascending Budget Issue