Latest News:  
Beijing   Sunny/Cloudy    13 / 1 ℃  City Forecast

English>>Business

U.S. needs balanced solution for 'fiscal cliff': IMF

(Xinhua)

09:35, December 10, 2012

WASHINGTON, Dec. 9 (Xinhua) -- The United States needs a balanced, comprehensive approach to deal with the impending " fiscal cliff", a combination of automatic spending cuts and tax hikes to take effect in January, the head of the International Monetary Fund (IMF) said on Sunday.

Christine Lagarde, the managing director of the IMF talked in an interview with CNN about her view on the "fiscal cliff" and the consequences if Congress fails to reach an agreement before the deadline.

"My view, personally, is that the best way to go forward is to have a balanced approach that takes into account both increasing the revenue, which means, you know, either raising taxes or creating new sources of revenue, and cutting spending," Lagarde said in the pre-taped interview aired on Sunday.

She said the fiscal woes are now the biggest threat to the U.S. economy which is less vulnerable to what happens outside, in Europe for instance.


【1】 【2】



We recommend:

'Boeing Dreamliner riddled with errors

HK tops China City Competitiveness Ranking

China's electric rail mileage ranked world's first

10th China Int'l Automobile Exhibition concludes

Harbin-Dalian high-speed railway starts operation

New wave of communication tools

Alibaba's 2012 transaction volume hits 1 trln yuan

China's savings rate world's highest

iPhone 5 launch event held in Seoul, S. Korea

Email|Print|Comments(Editor:李倩、梁军)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Live-ammunition shooting training conducted in Sansha

  2. Chinese Naval ships in supply training

  3. National Geographic auctions valuable photos

  4. Spectacular images of erupting volcanoes

  5. Highlights of 2012 Toronto Motorcycle Show

  6. Skyscraper Shanghai Tower

  7. Who is the queen of micro blogs?

  8. Why US meddles in Diaoyu Islands issue?

Most Popular

Opinions

  1. Commentary: Western powers should drop bias
  2. Stock market needs regulation, not promotion
  3. BRICS economies are not fading
  4. Debate over gaokao policy heats up
  5. A survey on lunch in Beijing's primary schools
  6. China on course for stable growth: JP Morgan
  7. School needs be responsible for teachers' behaviors
  8. Big burden seen in 'irrational' property tax
  9. Confidence rises for China-Africa co-operation
  10. What has 'Taobao Culture' brought us?

What’s happening in China

Spectacular images of erupting volcanoes

  1. Award puts Chinese books on world stage
  2. Pawnshops re-emerge with friendlier look
  3. Chief sacked, accused of giving 2 mistresses jobs
  4. 17 punished after 2 men die in demolition accident
  5. Two separate factory blasts kill 2, injure 17