America’s national debt is now climbing at its fastest rate ever, propelled in part by the “One Big Beautiful Bill” passed by Republicans earlier this year.
A new forecast from the IMF shows the U.S. heading the route of countries in southern Europe famous for their own issues with debt, inflation and financial instability, like Greece and Italy. But while the two European nations have seen conditions bottom out and, in Greece’s case begin to improve, the U.S. appears to be making little progress fighting its own accumulation of debt.
