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WASHINGTON — A House Democratic aide says top House and Senate Democrats have reached a tentative agreement on a nearly $100 billion war funding bill, with a generous new line of credit for the International Monetary Fund.
At the core of the measure is President Barack Obama’s war spending request, which included $76 billion for Pentagon operations. But the IMF funding is a top priority of Obama to help developing countries deal with the troubled global economy.
The actual U.S. costs for the IMF contribution are estimated at $5 billion by the Congressional Budget Office because the U.S. gets interest-bearing assets in return.
