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U.S. lacks 'credible' deficit plan: IMF
The United States lacks a credible plan to cut its deficit over the medium term, the International Monetary Fund`s chief economist Olivier Blanchard told French daily Le Monde in an interview published on Wednesday.
`There are reasons to be worried. The United States lacks a credible plan, for the medium term, to reduce its budget deficit,` Mr. Blanchard was quoted as saying, after rating agency Standard & Poor`s signalled on Monday that the United States` triple-A credit rating was under threat.
Read the full article here.
The United States lacks a credible plan to cut its deficit over the medium term, the International Monetary Fund`s chief economist Olivier Blanchard told French daily Le Monde in an interview published on Wednesday.
`There are reasons to be worried. The United States lacks a credible plan, for the medium term, to reduce its budget deficit,` Mr. Blanchard was quoted as saying, after rating agency Standard & Poor`s signalled on Monday that the United States` triple-A credit rating was under threat.
Read the full article here.