U.S. Veto Power at IMF Said to Face Threat in Rift on Governance

IMF member countries are considering forcing a showdown with a resistant U.S. Congress over changes that would give emerging markets more clout at the global lender, according to two people with direct knowledge of the matter.

One of the options being considered could put at risk the long-standing veto on major decisions the U.S. has wielded at the International Monetary Fund, the people, who asked not to be identified because the discussions aren’t public, said this week. The lender was conceived during World War II to oversee exchange rates and bolster financial stability.