IMF: US economy on better foundation, but tax increases, spending cuts still drag on growth

  • by: CHRISTOPHER S. RUGABER , AP Economics Writer
  • Updated: June 14, 2013 - 12:00 PM

WASHINGTON — The U.S. economy is on sounder footing than it was a year ago but is still being restrained by government spending cuts and tax increases, the International Monetary Fund said Friday.

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