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WASHINGTON (Reuters) - Democrats in the U.S. Senate and House of Representatives have reached a deal to include President Barack Obama's request for more aid for the International Monetary Fund in a roughly $95 billion war bill, a congressional source said on Tuesday.
It also supports the IMF's plan to sell 400 tons (12.97 million ounces) of its gold reserves.
"Controversial, non-defense related issues -- such as billions in IMF funding -- should not be part of the final conference report,"
The Senate included provisions to extend $108 billion in credit lines to the IMF as it tries to help countries weather the global financial storm.
So I guess we cannot even pay for our own frivolous wars, now we are getting a credit line from the IMF to fund them.
With new requests from the White House Tuesday night, a wartime spending bill could soon exceed $100 billion, adding to the risks of an already tense fight in the House over the addition of new financing for the International Monetary Fund. Read more: "War funding fight gets complicated - David Rogers - POLITICO.com" - www.politico.com...&A
The administration appears more focused on just getting past the House, where Republicans have threatened to pull back their support for the war funds if the package includes IMF funding. The Senate approved the administration’s request as part of its debate on the war funding bill in May. But the issue has never been tested in the House, where Obama also faces unhappiness among Democrats over his decision to expand the U.S. military commitment to fighting Taliban forces in both Afghanistan and neighboring Pakistan. Read more: "War funding fight gets complicated - David Rogers - POLITICO.com" - www.politico.com...&A
“Let’s be clear: A troop funding bill should fund our troops, period,” Minority Leader John Boehner (R-Ohio) said in his statement. “I will oppose this legislation if it is loaded up with billions in spending that is unrelated to our military’s core mission of protecting our nation and our interests. Additional funding for the IMF should be judged on its own merits and in its own legislation. Our men and women in uniform are doing tremendous work to protect our security in Iraq and Afghanistan, and they should not be forced to carry billions in unrelated spending.”