- Full IMF Funding To Help Address International Financial Crisis. With Americas fiscal house in order, the United States is now the bulwark of economic stability in the world. Some other nations around the world, however, are experiencing major economic upheaval, hurting our exports, farmers, and ranchers. A strong International Monetary Fund is a stabilizing force in the world economy and is a critical piece of President Clinton's strategy to protect the international financial system -- and therefore the U.S. economy -- against the risk of new, escalating, or spreading crises. President Clinton fought for and won full funding of $17.9 billion for the IMF -- a critical part of his strategy to help address the global financial crisis and to keep our economy strong. A stronger IMF will give the U.S. and its allies new flexibility in developing responses to protect the world from the spread of the financial crisis.
- Fully Funds President Clintons Child Labor Initiative. In his State of the Union address, the President pledged to send legislation to Congress to fight abusive child labor and proposed making the United States the world leader in supporting programs to reduce abusive child labor, with a 10-fold increase in our commitment to the International Programme for the Elimination of Child Labor (IPEC), from $3 million to $30 million a year. While the Senate, with the strong leadership of Senator Harkin, fully funded the Presidents request, the House failed to do so, providing only $6 million. In the final budget, Congress agreed to the Presidents full request of $30 million for IPEC. The budget also fully funds the Presidents $9 million request for domestic enforcement and a migrant youth job-training demonstration.
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