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By Andrew P. Napolitano
Obama's veil of secrecy is pierced
Topic - International Monetary Fund
The 188 members of the International Monetary Fund on Sunday gave the U.S. Congress until the end of the year to pass reforms giving large emerging countries like Russia and China a greater say in the Bretton Woods Institution, after which they may make plans to reform the IMF without the U.S.
District of Columbia police are warning of street closures and possible traffic delays this weekend due to the National Cherry Blossom Festival and events at the International Monetary Fund and World Bank complex.
Finance officials of the world's major economies expressed confidence Friday that they can meet an ambitious goal of boosting global growth by $2 trillion over the next five years.
The International Monetary Fund has a "Plan B" for proceeding with reforms giving greater powers to developing countries even though the U.S. Congress hasn't approved them, but it is not ready to take that route yet, IMF Managing Director Christine Lagarde said Thursday.
Russia, China and other major developing countries — angry about the stalemate on Capitol Hill that has blocked approval of a reform plan that would give them a bigger voting share at the International Monetary Fund — are pushing to go ahead with the reforms without waiting for the United States.
Conservative radio's Mark Levin — affectionately dubbed "The Great One" by colleagues and fans alike — blasted Sen. Mitch McConnell and his fellow GOP leaders, characterizing them as RINOs, or Republicans-In-Name-Only, whose time to leave office had come.
Senate Majority Leader Harry Reid said Monday that Republicans may have helped Russia annex Ukraine's Crimean Peninsula, delivering a surprisingly sharp attack just before lawmakers advanced a bill authorizing sweeping U.S. sanctions on Russia and $1 billion in loan guarantees to Ukraine.
To whom would you be willing to trust with all of your financial and tax information: close family members or the U.S. government and foreign governments, including Russia?
President Obama will try to forge a consensus on Ukraine when he meets this week with top allies in Europe, but he has had trouble winning unity even back home, where Democrats and Republicans are sparring over the outlines of U.S. policy, including military and financial aid.
Sen. John McCain, Arizona Republican, said Wednesday that he's "a little embarrassed" by some in his party who are insisting that reforms to the International Monetary Fund (IMF) be stripped from legislation to aid Ukraine and sanction Russian and Ukrainian officials involved with the unrest in the region.
If you became aware that the advice you were receiving from your economic advisers was causing you to get poorer rather than richer, how long would you keep them?
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.
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.
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.
The former head of the International Monetary Fund, Dominique Strauss-Kahn, will have to face charges of pimping in a French court, after prosecutors were unable to convince the court to drop the case.