Scott Bessent's growth plans aren't enough to tame surging deficit and debt pile, IMF chief says
IMF chief Kristalina Georgieva said Bessent’s reliance on growth won’t cut the U.S. deficit and $40 trillion debt fast enough, calling for fiscal…
CNBC reports: IMF chief Kristalina Georgieva said Bessent’s reliance on growth won’t cut the U.S. deficit and $40 trillion debt fast enough, calling for fiscal consolidation.
This business story centres on the United States. Names and organisations mentioned in the coverage include IMF, Scott Bessent and Kristalina Georgieva.
Why it matters
Business and economic news can ripple through prices, jobs, investments and household budgets.
Key details
- Location
- United States · Americas
- Reported by
- CNBC
- First reported
- Key names
- IMF, Scott Bessent, Kristalina Georgieva, Bessent
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
- CNBCScott Bessent's growth plans aren't enough to tame surging deficit and debt pile, IMF chief says
Spotted an error? Request a correction · How this summary was produced
Related Stories
Middle East and Central Asia’s economy to shrink in 2026 amid war, IMF says
Iraq, Bahrain, Kuwait and Qatar face double-digit declines in GDP amid the fallout from the US-Israel war on Iran.
IMF warns bond yields could see a 'disorderly' spike as debt, inflation risks worsen
The IMF says risks in the government bond market have worsened and that yields could jump sharply and disorderly.
Global economy to slow less than expected in 2026 as AI boom offsets war hit: IMF
The IMF raised its 2026 global growth forecast to 3.1%, as AI investment helped offset the war’s energy shock.
Former White House ethics lawyer on Kimberly Guilfoyle's alleged ethics violations
NPR's Michel Martin speaks with former chief White House ethics lawyer Richard Painter about the ethics allegations facing former U.S. Ambassador to…
John Healey ‘targets tax crackdown on online marketplaces’ in first budget
Firms such as Amazon and eBay would be responsible for collecting tax owed by retailers selling on their platforms A tax crackdown on online…
U.S. Treasury yields inch lower as investors await key inflation report
U.S. Treasury yields inched lower on Wednesday as investors awaited the latest CPI inflation reading ahead of a flurry of economic data this week.
Russia pounds Ukraine's energy infrastructure, leaving 600,000 without power
A ballistic missile has struck energy infrastructure supposedly covered by the "energy ceasefire" announced by Trump on Sunday, Zelenskyy said.
India’s trade deficit with China crosses $100 billion in 2026
Two-way trade between January and September was up 25.4% to $144.45 billion, while India’s imports from China continued to rise, up 23.3% to $125.19…

