“ (Bloomberg) — Ahead of the upcoming meetings in Washington, global finance ministers have been urged by the International Monetary Fund to focus on tightening their budgets. Two weeks before a crucial US election and following a recent inflation crisis, ministers and central bankers gathering in Washington are facing increasing pressure to address their fiscal … Read more
“ Prior to the arrival of global finance leaders in Washington, the International Monetary Fund has already advised them to start tightening their budgets. With the US election just two weeks away and the recent global inflation crisis still fresh in everyone’s minds, ministers and central bankers gathering in Washington are facing increasing pressure to … Read more
The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images The Biden administration recorded a budget deficit that exceeded $1.8 trillion in fiscal year 2024, representing an increase of over 8% from the previous year and marking the third highest deficit on record, as reported by the … Read more