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- Runaway US debt levels at risks to global stability, the International Monetary Fund said in a report.
- Spiking Treasury yields are associated with exchange rate turbulence and higher interest rates elsewhere.
- The Congressional Budget Office projects debt-to-GDP levels to reach 116% by 2054.
Ballooning US debt will weigh on more than just Washington, as spiraling borrowing costs have the potential to distort the global economy, according to the International Monetary Fund.
In its latest Fiscal Monitor report, the fund expects US deficit to more than triple overspending levels in other advanced economies by 2025, projected to hit 7.1%.