The International Monetary Fund is warning the rising foreign debt of the United States is threatening the financial stability of the global economy. The new IMF report questions President Bush’s move to cut taxes as the nation’s debt reaches record-breaking proportions. The IMF has concluded that running such high deficits poses “significant risks” not just for the United States but the world. The IMF estimates that within a few years, foreign debt will consume 40 percent of the nation’s total economy.