IMF's Lagarde warns against US fudge on fiscal cliff
- Published: 10 Dec 2012 at 01.46
- Online news: World
The United States needs to raise taxes and cut spending to address the looming fiscal cliff, IMF chief Christine Lagarde said Sunday, warning that anything less would undermine economic confidence.
The United States needs to raise taxes and cut spending to address the looming fiscal cliff, IMF chief Christine Lagarde, pictured in November 2012, said Sunday, warning that anything less would undermine economic confidence.
With President Barack Obama and Republican lawmakers stuck in an apparently ideological battle on how to address the nation's ballooning deficit by the end of 2012, Lagarde said the cliff remained the biggest threat to the economy.
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