WASHINGTON The massive tax and spending bill appears to run counter to reducing federal debt over the medium term, IMF spokesperson Julie Kozack said. “From the IMF side, we have been consistent in saying that the U.S. will need to reduce its fiscal deficit over time to put public debt-to-GDP on a decisive downward path,” she told a regular news briefing in Washington. It is important to build consensus within the U.S. about how it will address these chronic fiscal deficits, Kozack said. U.S.