Press Conference | Secretary Yellen Ahead of the 2024 Spring Meetings of the IMF and World Bank
Press Conference | Secretary Yellen Ahead of the 2024 Spring Meetings of the IMF and World Bank
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Janet, did you happen to ask China why they are hacking America during your recent lovefest trip there "According to Wray, an ongoing Chinese hacking campaign known as Volt Typhoon has successfully infiltrated several American companies in telecommunications, energy, water, and other critical sectors. 23 pipeline operators are being targeted."?
President George W Bush started a horrible trend and doubled the national debt in 2 terms. Obama called him out yet managed to double it in two terms. Donald Trump increased it 30% in one term and Biden another 30% in one term. The debt has grown 600% in 6 terms with no new infrastructure or assets to show for it. Now the IMF is issuing a warning. There is ONE message. STOP DEBT SPENDING.
The US debt to GDP is at the level of Greece and Italy when they defaulted. I question how the rating agencies can still stand behind their ratings. I remember the 2011 downgrade and watching the presidential motorcade arriving at S&P to argue against the downgrade.