IMF offers tough medicine to bring U.S. budget deficit under control

The Hill reports:

The United States must rein in its deficits sooner than President Barack Obama wants, the International Monetary Fund (IMF) said Thursday.

In an annual report on the U.S. economy, the IMF said the U.S. faces a “central challenge” in implementing a “credible fiscal strategy” to ensure that public debt is put on a sustainable path without putting the economic recovery in jeopardy.