Lagarde says 'fiscal cliff' threatens US supremacySubmitted by emalvini on Sun, 12/09/2012 - 14:58
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.