IMF Managing Director Christine Lagarde says Congress should promptly increase the US government's borrowing limit and the Federal Reserve should avoid withdrawing its financial support too rapidly.
In a speech at the National Press Club, Lagarde says Europe is turning the corner from recession. But she adds that the recovery is uneven and some nations are burdened by high debt and credit restraints. She says the European Central Bank could do more to help the recovery by providing targeted lending.