2 votes

Lagarde says 'fiscal cliff' threatens US supremacy

Lagarde says 'fiscal cliff' threatens US supremacy

07 DECEMBER 2012

AFP - IMF chief Christine Lagarde said Friday the looming "fiscal cliff" in the United States threatens the country's international supremacy and the fragile global recovery.

In an interview with BBC World News, Lagarde noted the US fiscal cliff, a combination of severe tax increases and spending cuts due in January, would probably wipe out growth in the world's largest economy.


Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

One good thing about falling off the fiscal cliff...

They will cut Department of Defense spending by 10%. It was on one of the Sunday morning shows this morning...can't remember which one.