IMF Cautions America Over Runaway Government Spending ‘Out of Line With Long-Term Fiscal Sustainability’

Secretary Yellen defends the Biden administration’s profligate spending, stating that ‘from the start of the Administration, President Biden has made clear that American isolationism was over.’

AP/Jacquelyn Martin
The International Monetary Fund's Spring Meetings, April 16, 2024, at Washington. AP/Jacquelyn Martin

While Treasury Secretary Yellen is touting the end of “American isolationism,” the International Monetary Fund is taking aim at the optimism of American policymakers, arguing at its annual meeting at Washington this week that America’s runaway spending is unsustainable. 

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