The International Monetary Fund warned the United States that government spending and increasing national debt are not sustainable and could hurt the global economy.
The Washington, D.C.-based group that represents 190 member countries also called the U.S. economy “overheated.” The debt warning follows several other high-profile calls to address growing U.S. debt.
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The U.S. House is expected to vote on funding for Ukraine, Israel and Taiwan this weekend, a controversial climax to months of battling in both chambers.
House Speaker Mike Johnson, R-La., has arranged the vote for this weekend, likely on Saturday, despite calls from many in his own party to abandon funding for Ukraine, which is set to receive about $60 billion in foreign aid in its war against Russia’s invasion if the measure passes this weekend.
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Wednesday morning on The Tennessee Star Report, host Leahy welcomed U.S. Senator Bill Hagerty to the newsmaker line to give his take on the State of the Union and his top three priorities if Secretary of State.
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The International Monetary Fund (IMF) cut its global economic growth forecast for 2022 on Tuesday, citing growing COVID-19 cases, supply chain bottlenecks and soaring inflation.
The IMF now projects global gross domestic (GDP) product to grow 4.4% in 2022, down from 5.9% growth in 2021, according to the IMF’s World Economic Outlook report published Tuesday. The IMF projected global GDP would reach 4.9% in its Fall report.
“The global economy enters 2022 in a weaker position than previously expected,” the report said, blaming “downside surprises,” including soaring COVID-19 cases and turbulent markets.
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The International Monetary Fund cut its global growth forecast for 2021 on Tuesday, citing supply chain disruptions and pandemic-related health concerns.
In the International Monetary Fund’s (IMF) World Economic Outlook report, released Tuesday, the IMF’s economists share anticipations for global economic growth measuring 5.9% in 2021, a downgrade from their 6% projection in July.
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by Edward Ring On November 30, 1999, the largely theoretical question of globalism exploded into reality with the spectacle of 50,000 demonstrators shutting down a major meeting of the World Trade Organization in Seattle. News coverage of this unexpected sensation, with expertly rendered video montages of police phalanxes, black-clad anarchists, smashed glass, snarled traffic, accompanied by animated commentary, provided American television media with a daily potboiler for a few days. Then globalism was again forgotten. In 1999, America’s progressive Left viewed globalism as the root cause of poverty, environmental destruction, and the disintegration of ancient cultures. They perceived globalism as the movement by multinational corporations, and their client organizations, the supranational World Trade Organization, the International Monetary Fund and the World Bank, to control the development and growth of supposedly sovereign nations. Instead of allowing developing countries the opportunity to grow diverse, self-sufficient economies, in the hallowed name of “free trade,” they were force-fed loans that required them to spend on mega-projects, cash crops, mines, dams, low-wage manufacturing plants—all built by multinationals that destroy the economic independence of the countries they enter. In 1999, Americans who bought running shoes produced by slave labor overseas, ate hamburgers made from cattle…
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