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APR 24, 2013 - Yahoo! News

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Treasury's Lew presses Congress on IMF funding

WASHINGTON (Reuters) - U.S. Treasury Secretary Jack Lew on Wednesday urged Congress to permanently boost U.S. funding for the International Monetary Fund, saying it is in Washington's interest to maintain its influence in the global lender. The Obama administration wants Congress to shift $63 billion from an IMF crisis fund to the Fund's general accounts to maintain U.S. power at the international lender, but it has been a tough sell to U.S. lawmakers during a tight budget year. ...

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