4.25.24 Vantage with Palki Sharma: Can the United States Afford to Pay its Loans? | Vantage with Palki Sharma - Everything is relevant...

Can the United States Afford to Pay its Loans? | Vantage with Palki Sharma

Originally aired: Apr 18, 2024

Can the United States Afford to Pay its Loans? | Vantage with Palki Sharma The International Monetary Fund has issued a warning about the potential global repercussions of the rising US government debt. The IMF believes increased borrowing costs could potentially destabilise international financial markets. The IMF attributes this risk to the US's higher government spending and elevated interest rates. Additionally, a recent Congressional Budget Office analysis forecasts that American spending on interest payments will reach $870 billion this year, surpassing the $822 billion allocated for defense in 2024. Palki Sharma tells you more.

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