Wednesday, April 19, 2017

IMF warns Trump's proposed tax cuts, financial deregulation may lead to too much risk

The International Monetary Fund warned Wednesday that US President Donald Trump's plans to cut corporate taxes and ease financial regulations could result in undesirable levels of risk-taking.

In its Global Financial Stability Report, the IMF said Trump's proposals could lead to the type of risk-taking that led to the 2008 financial crisis and battered global markets.

Here's our US correspondent Liling Tan with the details. 

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