Economy / FinanceNorth AmericaPolitics

IMF Chief Says US Debt is Mind Boggling as Musk Warns about AI


IMF chief calls U.S. debt load ‘mind boggling,’ Musk warns about AI at Milken conference International Monetary Fund Managing Director Kristalina Georgieva praised the strength of the U.S. economy but warned its current level of deficit spending was not sustainable and could crimp U.S. and global growth if it’s not brought under control, in remarks Monday at the Milken Institute Global Conference. Servicing the U.S debt — now roughly $34 trillion — consumes more than 17% of federal revenue, compared to under 7% in 2015, Georgieva said in an interview that kicked off the annual conference at the Beverly Hilton, which…

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