bobbyw24
01-17-2012, 06:09 AM
When California Democratic Rep. Nancy Pelosi was the Speaker of the House in 2009, President Barack Obama and congressional Democrats authorized $100 billion in spending as a line of credit for the International Monetary Fund to be used in times of emergency — funds that could now be used to bail out European banks.
As the Eurozone takes a turn for the worse and chatter heats up about more European Union and IMF bailouts across the continent, Republicans in Congress are pushing to rescind the $100 billion set-aside.
That $100 billion is an addition to the $64.4 billion the U.S. Treasury will provide in quotas to the IMF this year. That new funding has not been formally appropriated, but the IMF could request the money whenever it pleases.
Read more: http://dailycaller.com/2012/01/17/house-gop-pushes-to-rescind-100-billion-imf-eurozone-bailout-fund/#ixzz1jiVQUgE3
As the Eurozone takes a turn for the worse and chatter heats up about more European Union and IMF bailouts across the continent, Republicans in Congress are pushing to rescind the $100 billion set-aside.
That $100 billion is an addition to the $64.4 billion the U.S. Treasury will provide in quotas to the IMF this year. That new funding has not been formally appropriated, but the IMF could request the money whenever it pleases.
Read more: http://dailycaller.com/2012/01/17/house-gop-pushes-to-rescind-100-billion-imf-eurozone-bailout-fund/#ixzz1jiVQUgE3