IMF To U.S.: "Hey, Big Spenders"
According to CNNMoney, the nation's recovery is still "tepid" at best and could only grow about 2 percent for the remainder of the year.
And remember Fed Chairman Ben Bernanke's fiscal cliff, when tax increases and spending cuts kick in Jan. 1? The IMF said that's further incentive for policymakers to invest more in "infrastructure, extended unemployment benefits and fixes for the housing market," and raise the debt ceiling.
Managing Director Christine Lagarde said at a news conference, "We believe the U.S. authorities do not have a lot of space available to act, but they should use it to support the recovery in the near term."