The IMF's Christine Lagarde has said the US government's debt reduction plans are too abrupt, including the $85 billion in federal budget cuts known as the sequester. She said that if current policies are maintained this year "the US economy would be contracting by over one and a half percent."
The IMF's Christine Lagarde has said the US government's debt reduction plans are too abrupt, including the $85 billion in federal budget cuts known as the sequester. She said that if current policies are maintained this year "the US economy would be contracting by over one and a half percent."
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