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Topic - Edwin M. Truman

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IMF Managing Director Christine Lagarde continues to insist that there is little she can do without U.S. approval. Analysts point out that European countries, which continue to dominate the IMF's board of directors and stand to lose the most clout under the reforms, have been happy to let the U.S. block the legislation even while publicly deploring the congressional delays. (Associated Press)

Russia, China leading efforts to bypass U.S. as IMF reforms stall on Capitol Hill

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** FILE ** Treasury Secretary Jack Lew testifies on Capitol Hill in Washington, Tuesday, April 16, 2013, before the House Budget Committee hearing on President Obama's fiscal 2014 federal budget. (AP Photo/Molly Riley)

Congress inaction could cost U.S. clout at IMF

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