December 24, 2013
The White House is making a year-end push to increase the U.S. quota for the International Monetary Fund as part of an omnibus spending bill being negotiated now by the House and Senate appropriations committees.
It’s an uphill battle given competing domestic priorities and the tight caps already imposed on nondefense spending under the budget deal signed by President Barack Obama this past week.
While Congress is now in recess for the holidays, the appropriations staffs remain in town, working toward having most of the giant bill drafted by the time lawmakers return in early January. Tough bargaining lies ahead on everything from funding health care reform to the fate of high-speed rail in California. Adding the IMF to this list is not without peril.