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Overlooked in the circus of national politics the week before last was a small victory for U.S. global leadership and common sense in the bipartisan agreement to restore full U.S. support for the International Monetary Fund.It will double the IMF's capital available to help assist troubled economies.It will also reinforce U.S. leadership of global finance.To many foreign leaders, this blockage was a worrying sign of how domestic U.S. infighting was enfeebling America and impeding its traditional role of global leadership.The basic question was whether America still had the "right stuff" to lead. China pounced on U.S. indecision and launched the Asian Infrastructure Investment Bank as an alternative to the U.S.-led IMF and World Bank. The "black helicopter" crowd aside, there is a deep mistrust in the U.S. about whether the global financial system really serves the average American taxpayer.That's the right start for a renewed financial partnership that's good for America and the world.
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