The IMF's Managing Director Kristalina Georgieva cautioned that relying solely on economic growth is insufficient to reduce the U.S. federal deficit and debt, urging Treasury Secretary Scott Bessent to implement fiscal measures to curb spending. Despite optimistic growth projections around 3%, the IMF forecasts U.S. gross debt will reach 142% of GDP by 2031, with deficits exceeding 6% of GDP in fiscal 2026. The warning highlights concerns over the accelerating U.S. debt load, which has surpassed $40 trillion, fueled by recent tax cuts and stimulus spending. The IMF recommends credible medium-term fiscal plans rather than depending on growth alone to manage the debt crisis.
The IMF's warning on U.S. debt growth comes as a backdrop to market activity on Pluang. For readers following U.S. stocks, here is Pluang's market snapshot as of Oct 14, 2026 14:11 WIB: out of 150 priced US stocks, 108 rose and 37 fell today. Notable movers include IQIYI Inc (IQ) at USD 1.01 with a 1-day change of +1.86%, Alibaba Group (BABA) at USD 112.74 up 1.69%, and Bank of America Corp (BAC) at USD 53.11 down 1.58%.
WasabiCard and Lotus Technology Inc. explored enterprise-driven stablecoin payment use cases during the TOKEN2049 Singapore event on October 6, 2026. The discussion focused on practical requirements for wider adoption of stablecoins in business payme...
Vattenfall has contracted Fluence Energy to deliver a 254 MW, 1 GWh battery storage system at the Brunsbüttel site in Germany, set to be operational by the end of 2028. This project, one of Germany's largest battery storage facilities, will enhance g...
Shield appointed Michelle Clark, former HSBC surveillance leader, as Global Communications Surveillance Expert to enhance its AI-driven product strategy. Clark's 20+ years in global banking and expertise in regulatory compliance and AI innovation wil...
Phonak has introduced Roger On Sphere™, the world's first remote microphone using AI to separate speech from background noise in real time. This device enhances communication for people with hearing loss in noisy environments like restaurants and mee...
Southern Company, operating through Georgia Power, Alabama Power, and Mississippi Power, reported a data breach compromising customer personal information including names, addresses, Social Security numbers, and financial details. This breach raises ...
