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By David Keene
Conference showed that the values Reagan cherished still endure
Topic - Christine Lagarde
Though many legislators may not realize it, Congress failed to include in the massive spending deal approved last week funds to implement reforms sought for years by both Democratic and Republican presidents that would give China, India, Brazil and other large emerging nations a greater say in activities of the International Monetary Fund.
Senate Republicans and Democrats hit an impasse Sunday over spending in their last-ditch struggle to avoid an economy-jarring default in just four days and end a partial government shutdown that enters its third week.
The chief of the International Monetary Fund says the U.S. government's stalemate over spending and its debt limit is "very, very concerning" and could roll back economic progress around the world.
Congress spent the weekend insisting that it will reach a deal to raise the federal government's borrowing limit by Thursday but making scant progress even as all sides tried to reassure itchy financial markets ahead of the stock market opening Monday.
International Monetary Fund chief Christine Lagarde on Thursday praised the Federal Reserve's decision this week not to tap the brakes on its bond-buying program to stimulate the U.S. economy, saying it was still too soon to start the widely expected "tapering" operation on the Fed program.
A handwritten letter leaked to the French press that International Monetary Fund chief Christine Lagarde wrote to former President Nicolas Sarkozy has baffled the French, raising further suspicions over fraud at the highest levels of government, AFP reported Tuesday.
The International Monetary Fund is reiterating its confidence in Managing Director Christine Lagarde's leadership after a French court stopped just short of charging her in an investigation of a payoff to a businessman.
International Monetary Fund chief Christine Lagarde is facing questions at a special Paris court Thursday over her role in the 400 million euro ($520 million) payoff to a controversial businessman when she was France's finance minister.
The fragile state of the world economy, along with the relentless turmoil in Syria and the rocky fallout from the Arab Spring, dominated discussions during this year's annual gathering of the global elite at Davos, leaving many participants uneasy about what lies ahead as they left for home Sunday.
In her first major speech of the new year, International Monetary Fund chief Christine Lagarde on Thursday called for "all sides to pull together" in Washington to solve the country's debt and growth problems, saying the world's leading economies must follow through on fiscal and market reforms to avoid slipping back into recession.
Global financial ministers called Saturday for quick and effective action to safeguard faltering economic growth and rebuild shaken confidence as they ended an annual meeting of the International Monetary Fund.
The International Monetary Fund chief on Monday encouraged U.S. policymakers to look past the "political calendars" of an election year and prevent the "fiscal cliff" from wreaking havoc on the global economy.
Just when Detroit seemed to be luring them away, Americans are embracing Japanese cars again.
Time is running out for Europe. As Spain's banking crisis deepens, politicians on the continent remain in denial. The only solutions in their mind involve borrowing or subsidies from German taxpayers. With the International Monetary Fund (IMF) acting as their enabler, Europe's high-debt countries may be able to put off the required reforms, but delaying the inevitable is taking a toll on their economies.
IMF chief Christine Lagarde said Tuesday that the bloc must reinforce its institutions to stabilize its financial market and reduce “the very damaging link” of failing banks dragging down weaker governments’ finances.
She said she met Rouhani at the United Nations General Assembly in New York last year and found him to be "a sensible policymaker, one that is well-versed in economic matters, who seems to be very much aware of the challenges, who has ambition for a reset of Iran vis-a-vis the rest of the world."