IMF Seeks New Course as Osborne Defends Austerity

May 8 (Bloomberg) -- The IMF has had a change of heart after earlier praising U.K. austerity measures and seeks a new course for the economy as U.K. Chancellor of the Exchequer George Osborne braces for a battle with managing director Christine Lagarde. Bloomberg's Jessica Howard reports.

Rep. Kevin Brady Sees Tax Reform Completed This Year
09:48 - Rep. Kevin Brady, chairman of the House Ways and Means Committee and a Republican from Texas, discusses lower U.S. economic growth and the prospect of U.S. tax reform being completed this year. He speaks on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
  • The iPhone Decade
  • Analyst Peabody Says Bank Stocks Ready to Rock and Roll
  • Fundstrat's Tom Lee Sees Market, Earnings Disconnect