Argentina races to get IMF deal before new default

ARGENTINA - Argentine officials arrived in Washington on Monday to try to break the latest impasse in aid talks with the IMF as a potentially disastrous new debt default loomed less than two weeks away.

Argentina's government pressed the International Monetary Fund to relax its demands for utility rate hikes, budget cuts and a bank bailout, saying such measures could upset its recession-weary population. The IMF insists the policies are mandatory Reuters reported.

Economy Minister Roberto Lavag