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However, the administration said it had no comment on Rep. McMorris Rodgers' bill to rescind an existing $100 billion appropriation.


No more U.S. dollars for International Monetary Fund, White House says

However, the administration said it had no comment on Rep. McMorris Rodgers’ bill to rescind an existing $100 billion appropriation.

As the eurozone financial turmoil continues and talk of additional bailout money from the International Monetary Fund mounts again, the White House made clear this morning further U.S. contributions for the IMF are off the table.
At the regular briefing for White House reporters today, Deputy Press Secretary Josh Earnest told HUMAN EVENTS that “additional American resources into the IMF… that is not something that is being considered right now.” 
When we pressed Earnest further as to whether additional tax dollars for the IMF were truly “off the table,” he replied without qualification: “That’s correct.”
Reminding Earnest that the President said in 2009 that U.S. support for the financial titan was “woefully inadequate” and that Congress promptly voted for an additional $100 billion for the IMF at his urging, we asked the administration’s position today on Rep. Cathy McMorris Rodgers’ (R-Wash.) legislation to rescind that $100 billion appropriation and apply the unused funds to the deficit.
“I’m not able to comment,” Earnest replied, adding that he was unfamiliar with the measure offered by the congresswoman (which so far has 91 co-sponsors in the House). 
But he went on to emphasize the administration’s belief that there needs to be a “strong European firewall” of funding in place to stop the crisis from spreading to other countries.  In Earnest’s words, “t]he support of resources offered by the IMF would not be a substitute for anything that the eurozone countries would collectively do.”  He also pointed out that this position was previously articulated earlier in the day by Secretary of the Treasury Tim Geithner when he was asked by reporters about the IMF.

Earnest’s appearance marked the first occasion in which he has filled in for Press Secretary Jay Carney.

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John Gizzi has come to be known as â??the man who knows everyone in Washingtonâ? and, indeed, many of those who hold elected positions and in party leadership roles throughout the United States. With his daily access to the White House as a correspondent, Mr. Gizzi offers readers the inside scoop on whatâ??s going on in the nationâ??s capital. He is the author of a number of popular Human Events features, such as â??Gizzi on Politicsâ? and spotlights of key political races around the country. Gizzi also is the host of â??Gizziâ??s America,â? video interviews that appear on Gizzi got his start at Human Events in 1979 after graduating from Fairfield University in Connecticut and then working for the Travis County (Tex.) Tax Assessor. He has appeared on hundreds of radio and TV shows, including Fox News Channel, C-SPAN, America's Voice,The Jim Bohannon Show, Fox 5, WUSA 9, America's Radio News Network and is also a frequent contributor to the BBC -- and has appeared on France24 TV and German Radio. He is a past president of the Georgetown Kiwanis Club, past member of the St. Matthew's Cathedral's Parish Council, and secretary of the West End Friends of the Library. He is a recipient of the William A. Rusher Award for Journalistic Excellence and was named Journalist of the Year by the Conservative Political Action Conference in 2002. John Gizzi is also a credentialed correspondent at the World Bank and the International Monetary Fund. He has questioned two IMF managing directors, Dominique Strauss-Kahn and Christine LaGarde, and has become friends with international correspondents worldwide. Johnâ??s email is JGizzi@EaglePub.Com

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