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Republican opposition to IMF funds delays war spending

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Friday, June 5, 2009

US House Democrats said Thursday they would not vote this week on a war supplemental spending bill after Republicans balked at funding for the International Monetary Fund.

The 91.3-billion-dollar measure, which includes funds for President Barack Obama’s 21,000-troop increase in Afghanistan, had been scheduled for a vote on Friday, but a Democratic aide told AFP that the House of Representatives would likely not take up the measure until next week.

The House voted on a first draft of the bill last month but the Senate tagged an additional eight billion dollars for the US funding of the IMF and a new 100-billion-dollar emergency line of credit for the 185-nation institution, prompting stern opposition from House Republicans.


Both houses of Congress, where Democrats enjoy broad majorities, must reconcile their versions before the funds can be released.

House Republican Leader John Boehner called the plan “lunacy.”

“We may be able to borrow enough money to solve America’s problems, but I guarantee you, we don’t have enough money to solve the rest of the world’s problems. And going down this path is going to lead to more economic harm here,” he told reporters.

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This article was posted: Friday, June 5, 2009 at 3:43 am

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