"Yellen Faces Questions on U.S. Dysfunction at IMF and World Bank Meeting in Morocco"

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Source: The New York Times
"Yellen Faces Questions on U.S. Dysfunction at IMF and World Bank Meeting in Morocco"
Photo: The New York Times
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Treasury Secretary Janet Yellen is attending the annual meetings of the International Monetary Fund and the World Bank in Morocco, representing a United States grappling with political dysfunction. The recent debt ceiling crisis and government shutdown have raised questions about the country's ability to govern itself and lead globally. Yellen is expected to push for more funding for Ukraine and debt relief for poor countries, while also addressing concerns about the U.S.'s credibility and economic stability. The meetings come at a time of heightened global uncertainty due to the recent attacks on Israel, which could have economic repercussions. Yellen affirms U.S. support for Israel and acknowledges concerns about U.S. political gridlock but believes allies will continue to support U.S. efforts. The U.S.'s role as an economic bulwark against Russia's war in Ukraine has been undermined by domestic politics and its own debt load. The U.S. faces challenges in advising other nations on managing their finances due to concerns about the sustainability of its own debt. Yellen's main task will be persuading other nations to provide economic aid to Ukraine, but with Congress in disarray, it remains unclear how the U.S. will continue to support Ukraine's economy.

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