IMF chief urges US and wealthy nations to rein in debt to ease global economic pressure

The Hill - Oct 14, 2026

BANGKOK (AP) — The U.S. and other wealthy nations need to urgently tackle mounting global debt levels that are weighing most heavily on low-income countries and straining the global financial system, the head of the International Monetary Fund said Wednesday. IMF Managing Director Kristalina Georgieva said Treasury Secretary Scott Bessent and other U.S. leaders recognize...

Read full article

More News

Oct 14, 2026

Inflation rose to 3.7 percent in September: BLS

Inflation rose slightly in September after holding steady the month prior, new data from the Bureau of Labor Statistics (BLS) showed Wednesday. The consumer price index (CPI) increased 0.6 percent last month and was up 3.7 percent relative to September 2025. That marked an increase from August, when annual inflation sat at 3.4 percent. The popular...

Oct 14, 2026

Wayfair among firms fined millions for misleading sales tactics

The Competition and Markets Authority has fined Wayfair, Appliances Direct, and Gold's Gym £6m in total.

Oct 14, 2026

Civil servant faked illness with make-up to juggle five jobs, court hears

Kashim Chowdhury is accused of fraudulently juggling multiple government jobs while working from home.

Oct 14, 2026

Job cuts could fund diesel price drop says deputy

With the ongoing war in the Middle East increasing prices, one deputy is ask for duty to be frozen.

Oct 14, 2026

Faisal Islam: What surprise praise for UK economy tells us about the Budget

On three occasions in the past 24 hours, top IMF officials have praised UK plans to reduce its annual levels of borrowing.

Oct 14, 2026

Musk steps back into politics with redefined DC role

Elon Musk is jumping back into the political fray, reviving his role as a massive election spender and technology leader with a seat at the table again in Washington. Following a brief hiatus from President Trump’s orbit last year, Musk’s latest appearances in D.C. and influx of election cash signal he still has an appetite...