Accuracy in Media

WASHINGTON — Congress did not fund the International Monetary Fund (IMF) as of this week, which threatened to push back what Reuters called “historic reforms” at the global financial aid organization. Reuters reported that the initial $1.1 trillion funding plan in Congress did not include funding the IMF. The Obama administration has pushed Congress to […]

WASHINGTON — Serbia, which is heavily favored to join the beleaguered European Union (EU), received a go-ahead push by the International Monetary Fund (IMF) as the Europeans ignored Turkey’s application for membership another year in a row. Reuters reported that the IMF said that it could immediately support Serbia with a financial package to help […]

WASHINGTON — Spanish economic woes are not stopping anytime soon, says the International Monetary Fund (IMF). Reuters reports that the prolonged economic recession could force banks to cut lending even more. Without more lending, it will be hard for borrowers to find ways to have enough capital to create projects and conduct business. The IMF said […]

WASHINGTON — After the Egyptian army issued a 48-hour ultimatum for the opposition and the Muslim Brotherhood-ran government to meet, Muslim Brotherhood head and current Egyptian President Mohammed Morsi refused to honor the ultimatum. Reuters reports that Morsi released a statement at 2. a.m. on Tuesday and said he had not been consulted before the […]

WASHINGTON — Egyptian President and leader of the Islamist Muslim Brotherhood, Mohammed Morsi, spoke to his beleaguered country last Wednesday. Reuters reports that in his speech, Morsi offered few apologies but went on his usual tirade against unspecified “enemies of Egypt”. Little did he mention how his current policies continue to drag the Egyptian economy […]