IMF urges US policy-makers to take action against fiscal cliff

IMF headquarters in Washington DC

The International Monetary Fund (IMF) today (August 2) expressed concern over US fiscal policy, saying the main domestic downside risk was political gridlock that delayed action on fiscal sustainability.

The staff report of the Article IV consultation warned in particular of the so-called ‘fiscal cliff', a combination of expiring tax relief and automatic spending cuts due to take place at the end of 2012. Gian Maria Milesi-Ferreti, the head of the IMF mission to the US, said in a conference call

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: