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Panel Votes to Fund Fraction of IMF Request

Reuters

A key U.S. congressional panel voted to give the International Monetary Fund $3.4 billion, a fraction of the $18 billion the White House says the IMF needs to help deal with global financial emergencies. Despite warnings that IMF cash reserves are depleted, the House Appropriations’ foreign operations subcommittee approved, by voice vote, only $3.4 billion for the lending agency as part of a $16.2-billion spending package.


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