11-12-2014 01:28
U.S. Congress closes out year without passing IMF reforms
By Anna Yukhananov WASHINGTON (Reuters) - The U.S. Congress is preparing to leave town for the holidays without passing reforms to give emerging markets greater say at the International Monetary Fund, a step the Obama administration has warned could undermine Washington's international influence. The White House signed off on the reforms in 2010, but U.S. lawmakers need to back changes in how the IMF is funded before they can be put into place, given Washington's position as a controlling shareh
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