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Catherina

(35,568 posts)
1. We're rolling in money, who knew? "cost would be offset by taking money from U.S. military accounts"
Fri Mar 14, 2014, 12:31 PM
Mar 2014

From link within your link:

includes a boost to IMF accounts that President Barack Obama and Democrats say would maintain U.S. influence with the lender. Republicans have opposed such reform in the past, arguing it would decrease U.S. influence with the IMF. The GOP-controlled House of Representatives passed a Ukraine aid package last week without the IMF language.

The Congressional Budget Office estimated the cost of IMF reform in the Senate bill at roughly $315 million. Part of the cost would be offset by taking money from U.S. military accounts -- an issue that raised additional concern for some Republican lawmakers. Menendez argued during the committee markup that the military would not be adversely affected, because the funds had already been removed from the Defense Department budget to meet sequestration spending caps.

...

In his budget for fiscal 2015, Obama included an increase of about $63 billion from an existing credit line to the IMF. The White House has since pointed to the crisis in Ukraine to underscore the IMF's importance.

http://www.huffingtonpost.com/2014/03/12/senate-ukraine-aid_n_4952113.html


How's that credit line to Detroit coming along Senators?
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