IMF issues national debt warning to US

The nation’s $38 trillion debt presents a growing risk to the global economy, the experts have warned

US national debt will surge to 140% of GDP within five years, the International Monetary Fund (IMF) has warned, urging Washington to slash its fiscal deficit to rein in outsized trade and current account gaps.  

The US national debt has swelled to more than $38 trillion, and the fiscal shortfall is deepening, data shows. It represents...