NPR : News

Filed Under:

IMF's Lagarde: Any U.S. Budget Deal Is Better Than None

Christine Lagarde, who heads the International Monetary Fund, offered some positive comments about Congress on Wednesday.

Her assessment was a shade better than "faint praise," but something less than "Attaboy!"

Speaking at the National Press Club, Lagarde said she was pleased to see U.S. lawmakers have been moving forward "in a more orderly fashion" as they work on spending legislation.

Back in October — during the peak of the federal government shutdown — the IMF was holding its annual meeting in Washington, D.C. The world's top central bankers, finance ministers and economists were all there to witness congressional gridlock first-hand.

Lagarde was sharply critical at that time, warning that if Congress did not pass a budget, "it will have financial consequences that will apply not just to this country but across the globe."

Now with lawmakers pushing for final passage of a $1.1 trillion spending package, it appears the United States finally will have fiscal stability, at least for a while.

"We are all very pleased to see an orderly budget process is back," Lagarde said. "Any deal is better than no deal."

But she noted that congressional negotiators failed to include funding to help support the IMF.

Lagarde said she is hopeful that eventually, the White House will succeed in getting Congress to help fund the organization that lends money to calm financial crises around the world.

"IMF's main mission is to help ensure financial stability in the world, which benefits all world economies, the U.S. being the largest and first among them," Lagarde said. "I hope that sensible and common-sense judgment will prevail."

Copyright 2014 NPR. To see more, visit


Christopher Marlowe Credited As Shakespeare's Co-Author On Henry VI Plays

True authorship of Shakespeare has been debated for centuries. Now, the New Oxford Shakespeare edition will list Elizabethan playwright Christopher Marlowe as co-author on the three Henry VI plays, part one, two and three. NPR's Robert Siegel talks with Florida State University professor Gary Taylor, one of the general editors of the new volume.

2,500 Years Ago, This Brew Was Buried With The Dead; A Brewery Has Revived It

In an ancient burial plot in what is now Germany, scientists uncovered a cauldron with remnants of an alcoholic beverage. They teamed up with a Milwaukee brewery to re-create the recipe.
WAMU 88.5

Do Hyper-Local Term Limits Work?

Montgomery County residents are voting this fall on term limits for their local council representatives. Are they picking up on lessons learned from Prince George's County?

WAMU 88.5

AT&T’s Proposed Acquisition Of Time Warner

AT&T’s bid to acquire Time Warner: Join us to talk about what the proposed merger of the country’s second-largest wireless carrier and a major content company could mean for consumers and the future of U-S media and telecommunications.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.