Reuters is reporting that The International Monetary Fund on Tuesday urged the United States to outline credible measures to reduce its Federal budget deficit, pressuring the White House to detail plans to gain control of the current record debt.

The IMF noted that while most advanced economies were taking steps to rein in their budgets, Japan and the United States, two of world’s largest economies, have delayed reasonable actions to ensure their recoveries. The IMF’s latest report offered Japan a reprieve in light of the country’s devastating earthquake and resulting nuclear disaster.

Back in January 2011, the IMF had issued a warning to both Washington D.C. and Tokyo to get a handle on their skyrocketing debts before markets lost patience and dumped their bonds.

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RSOP is the co-founder & Executive Editor of Radical Survivalism Webzine, as well as a Family Preparedness Consultant with over seven years of personal experience in the self-reliance game. RSOP's many preparedness roles within his own group include team mechanic, head of security, electrician, and project designer/engineer.