Tue, Dec 11, 2012 - Page 7 News List

Obama, Boehner meeting raises hopes

FISCAL CRISIS:Sunday’s meeting was the first face-to-face negotiation between the two since they failed to reach agreement on taxes and spending three weeks ago

NY Times News Service, WASHINGTON

IMF Managing Director Christine Lagarde warned that such a failure was the gravest threat now facing the still-fragile US economy — greater than the European debt crisis or any uncertainty in China.

The overall result could be zero growth next year, not the 2.1 percent projected by the IMF, she said on CNN’s State of the Union.

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