The International Monetary Fund urged the United States on Wednesday to raise the nation’s borrowing limit, warning that inaction could lead to higher interest rates that would harm the domestic economy and world financial markets.
The debt limit is the amount the government can borrow to help finance its operations. The United States [...]
Posts Tagged ‘International Monetary Fund’
I.M.F. Urges Debt Limit Action in U.S.
June 30th, 2011 by Financial Writer
Tags: Debt, economy, International Monetary Fund, obama, united states, world financial markets
more...Christine Lagarde and the Demand for Dollars
June 30th, 2011 by Financial Writer
After receiving support from the United States at the critical moment, Christine Lagarde was named Tuesday as the next managing director of the International Monetary Fund. In campaigning for the job, Ms. Lagarde, France’s finance minister, made various promises to emerging markets with regard to improving their relationships with the I.M.F. [...]
Tags: budget deficit, Christine Lagarde, economy, emerging markets, european union, federal budget, foreign exchange, International Monetary Fund