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. Last Updated: 07/27/2016

Senate Approves Aid




WASHINGTON -- The U.S. Senate has easily approved $18 billion to help the International Monetary Fund cope with financial crises in Asia and Russia and billions more to fund U.S. aid programs around the world.


The Senate on Wednesday passed the legislation on a vote of 90 to 3. Its future is uncertain as President Bill Clinton's advisers said they will seek major changes before they will recommend the president sign the final version into law.


Meanwhile, European Commission President Jacques Santer said Thursday that the European Union executive was unhappy with parts of the IMF program for Russia and may seek changes.