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Obama Proposes $100 Billion Loan for I.M.F. WASHINGTON (Reuters) - President Barack Obama Monday proposed a $100 billion U.S. loan to the International Monetary Fund to boost the IMF's war chest and urged a bigger stake in the IMF for emerging powers like China and India. In a letter sent to Democrat and Republican leaders in the U.S. Congress, Obama said the U.S. funding "does not represent a budgetary expenditure or any increase in the deficit since it effectively represents an exchange of assets." The letter comes days before world finance leaders gather in Washington on April 24 and 25...

President Barack Obama on Monday proposed a $100 billion U.S. loan to the International Monetary Fund to boost the IMF's resources and urged a bigger stake in the IMF for emerging powers. In a letter to U.S. congressional leaders, Obama said the U.S. funding "does not represent a budgetary expenditure or any increase in the deficit since it effectively represents an exchange of assets." The $100 billion is part of commitments made by Group of 20 countries at a London summit on April 2, which agreed to triple IMF resources to a total of $750 billion to help the IMF...

The US Capitol in Washington. President Barack Obama Monday asked Congress ... G-20 Leaders Agree to Dole Out $1 Trillion to IMF & World Bank President Barack Obama Monday asked Congress to back an expansion of an IMF emergency fund by 500 billion dollars in a move designed to expand its reach to big emerging market nations. Obama also asked lawmakers to approve a US contribution to the fund to 100 billion dollars, as part of the plan to swell International Monetary Fund reserves agreed at this month's Group of 20 summit in London. The president made the request in...