BREAKING NEWS

White House says it backs IMF selection process

JOPLIN, Mo. - The Obama administration supports the process set up by the International Monetary Fund to find a successor to fallen chief Dominique Strauss-Kahn, White House spokesman Jay Carney said on Sunday.
Carney, aboard the plane carrying US President Barack Obama to view tornado damage that killed at least 139 people here a week ago, was asked to comment on a French statement that the Group of Eight leaders unanimously backed French Finance Minister Christine Lagarde's bid to be the next IMF head.
"I won't go beyond what we've said which is that we support the process that's been set up by the IMF to find a successor and we support a process that produces the best possible candidate," he said.