By Erik Wasson and Russell Berman - 03/13/14 12:15 PM EDT
“We are inadvertently hurting ourselves," he said.
The administration argues that the IMF reforms will directly increase loans to Ukraine and in general will make developing nations more willing to accept IMF loan conditions that will stabilize their economies. Such stability is good for U.S. exports, the administration says.
At the hearing, Sen. Lindsey GrahamLindsey GrahamOvernight Finance: McConnell offers 'clean' funding bill | Dems pan proposal | Flint aid, internet measure not included | More heat for Wells Fargo | New concerns on investor visas Senators buck spending bill over Export-Import Bank Pelosi pans latest GOP stopgap spending offer MORE (R-S.C.) said he will join the four Republicans who have already voted for the Ukraine bill in committee. Five Republicans will be enough to break a filibuster.
Graham admonished his fellow Republicans for putting up roadblocks to getting the Ukraine bill to Obama this week.
“The Congress needs to do some self-evaluation," he said.