Lagarde: ‘Zero’ U.S. Growth Without a Deal
- Written by: John Galt
- Published in Economics
Washington (CNN) | The head of the International Monetary Fund warned that the American economy won’t grow next year without a deal on the fiscal cliff.
Christine Lagarde, the managing director of the IMF, spoke to CNN’s Candy Crowley on “State of the Union” about the consequences of the president and Congress failing to reach a comprehensive deal on the automatic spending cuts and tax hikes that would occur without an agreement before the end of the year.