IMF — Headline Digest

WASHINGTON (Reuters) – President Barack Obama asked Congress again on Wednesday to permanently boost U.S. funding to the International Monetary Fund, a measure that would increase the clout of China and other big emerging economies at the institution.

In his fiscal 2014 budget request, Obama sought authority to shift a previous $63 billion U.S. contribution from an IMF crisis fund to pay for a permanent increase in U.S. voting power at the IMF. [Read more...]

Filed Under: China, Economy, Featured, International News, Politics, U.S. News, United States, World News Tagged With: Barack Obama, IMF, Obama Seeks Increase in U.S. Funding for IM

Lagarde says ‘fiscal cliff’ threatens US supremacy – FRANCE 24

12/09/2012 By D. Acheson

From France24.com:

AFP – IMF chief Christine Lagarde said Friday the looming “fiscal cliff” in the United States threatens the country’s international supremacy and the fragile global recovery.

In an interview with BBC World News, Lagarde noted the US fiscal cliff, a combination of severe tax increases and spending cuts due in January, would probably wipe out growth in the world’s largest economy.

“The real issues are, in a way, the supremacy of the United States and its leadership role in the world,” said the managing director of the International Monetary Fund. [Read more...]