P.M. BRIEFING : Global Lenders Back U.S. Debt Plan
- Share via
WASHINGTON — The United States won a pledge of prompt action today on its Third World debt reduction program from the two most powerful lending agencies, the International Monetary Fund and the World Bank.
On the final day of the two organizations’ spring session, their steering committee said that moving forward with the proposal is “a matter of urgency.”
A key element of the plan authored by Treasury Secretary Nicolas F. Brady was not endorsed by the steering committee, however. The finance ministers agreed only to examine further a proposal for reducing interest rate payments.
More From the Los Angeles Times
Podcasts
The latest effort is coming from the L.A. County Board of Supervisors. They just announced a $3 million program in conjunction with some nonprofits groups to test and clean the soil at homes still standing in the areas impacted by the Eaton Fire.
California once bet big on offshore wind to help power its clean-energy future, but the Trump administration is now paying developers billions to walk away from their projects. As California’s remaining offshore-wind leases hang in the balance, the state is fighting back in court.
The Hillside Strangler murders terrorized Los Angeles in the late 1970s. The killers were a pair of sadistic cousins. One confessed. The other was set to stand trial—until L.A. prosecutors flinched.
