Feb 15, 2020

McConnell Prepared to Cut Backroom Deal on IMF Bailout

Yesterday, the Senate Foreign Relations Committee passed a bill to authorize loan guarantees for Ukraine, similar to the bill that passed the House last week.  The loan guarantee bill doesn’t directly increase spending; rather it adds Ukraine to the list of countries eligible for Economic Support Fund (ESF) grants.  ESF grants have already been appropriated and are used as “walking around cash”...

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