US consents to $100 billion IMF boost

The US Congress on Thursday finally agreed to a $100 billion credit line to the International Monetary Fund (IMF), pledged by President Barack Obama after the G20 meeting in London.

The Senate, the upper house of the US legislature, voted 91-5 in favour of the credit line on Thursday evening after the House of Representatives, the lower house, consented on Tuesday by 226 votes to 202.

The measure - included in an emergency bill which will also fund the Iraqi and Afghani conflicts, swine flu a