IMF’s Lagarde Tells U.S. to Remove Fiscal Cliff Uncertainty
International Monetary Fund Managing Director Christine Lagarde said that the U.S. has a duty “to try to remove uncertainty and doubt as quickly as possible” regarding the fiscal cliff, according to interview excerpts posted on the BBC News website
“The U.S. has an economic leadership in the world,” the BBC quoted Lagarde as saying in the excerpts posted today. “To protect that, to make sure that leadership endures, this uncertainty has to be removed, because uncertainty fuels doubt as to that leadership.”
The “fiscal cliff” refers to the more than $600 billion in tax increases and spending cuts scheduled to take effect early next year unless Congress acts.
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