Obama Administration Backs Lagarde To Lead IMF

Townhall.com Staff
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Posted: Jun 28, 2011 10:12 AM
Obama Administration Backs Lagarde To Lead IMF
The Obama administration announced today that the U.S. is throwing its support behind French Finance Minister Christine Lagarde to take over as the new managing director of the International Monetary Fund, replacing Dominique Strauss-Kahn who was ousted from the position amid accusations of sexual assault last month.

“Minister Lagarde’s exceptional talent and broad experience will provide invaluable leadership for this indispensable institution at a critical time for the global economy,” Treasury Secretary Timothy Geithner said in a written statement.