Lew faces skeptical Congress with IMF funding request

“I cannot speak for other members, but it will be difficult for me to support increased resources if this is what is envisioned for the IMF for the future.”

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Lew said the budget request calls for a $63 billion increase in the U.S. share of the IMF, offset by an equivalent decrease in the fund's emergency lending arm, known as the New Arrangements to Borrow (NAB). Granger, however, said the NAB funding was approved as an emergency appropriation in 2009, meaning cutting it wouldn't decrease the deficit.