OrangeEmpire
The White Debonair
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IMF presses US to cut debt - Yahoo! News
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The IMF praised US efforts to cut the long-term deficit through health system reform, but said more needed to be done now.
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At a recent summit of the Group of 20 leading economies in Toronto, Obama vowed to halve the deficit within three years.
But the IMF projected that the deficit will stand at 64 percent of gross domestic product this year, rising to just over 96 percent by 2020.
In June, the total US debt topped 13 trillion dollars for the first time in history, stoking a political furor over government spending.
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