Now, The Imf Needs A Bailout
Barely two months after a humiliating loss on "fast-track" trade legislation, worried White House staffers see another big global issue in peril on Capitol Hill. This one: a request for $18 billion for the International Monetary Fund, which has been depleted by its Asia bailout. Indeed, a coalition similar to the one that killed the trade bill--the Republican Right, the Democratic Left, environmentalists, human rights activists, and import-sensitive industries--is mobilizing again. The Clinton Administration is "really scared of how this one will come out," confides a Democratic Senate staffer.
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