Can U.S. taxpayers afford to give away $100 billion?

Obama proposes $100 billion U.S. loan for IMF

WASHINGTON (Reuters) – President Barack Obama on Monday proposed a $100 billion U.S. loan to the International Monetary Fund to boost the IMF’s resources and urged a bigger stake in the IMF for emerging powers.

In a letter to U.S. congressional leaders, Obama said the U.S. funding “does not represent a budgetary expenditure or any increase in the deficit since it effectively represents an exchange of assets.”

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