Epic Update : IMF Calls

The International Monetary Fund on Thursday said the U.S. government should do more to put the country’s public finances back on a sustainable path, without hampering the fragile recovery. The announcement came a day after the Senate approved a legislation to avert the so-called ‘fiscal cliff’. The IMF called for a comprehensive plan that ensures both higher revenues and containment of entitlement spending over the medium term. Also, the debt ceiling must be raised expeditiously and the remaining uncertainties about the spending sequester and expiring appropriation bills should be removed.

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