Kristalina Georgieva, the new managing director of the International Monetary Fund, applauded the Trump administration's "bravery to use a tax reform to spur more growth" in an exclusive interview with "Axios on HBO."

Why it matters: Georgieva vowed that she would be able to persuade the U.S. to commit more money to the fund during the course of her five-year term. "I will get my quota increase," she said — in the face of reported U.S. opposition and a U.S. veto over any changes.

Georgieva comes to the IMF from the World Bank, where she was CEO and where she was a key part of the team that received a major capital increase from the U.S. The main Trump administration official in charge of those negotiations was David Malpass, who was then at Treasury and who now runs the World Bank. Georgieva describes him as a friend.

Between the lines: Georgieva has a picture hanging in her office that she acquired in Tashkent, Uzbekistan, in the mid-1990s. It shows two men arguing over chickens, and she says it reminded her of the way that World Bank and IMF economists would argue with each other.

  • Georgieva says that now that she has moved from the World Bank to the IMF, she is bringing the two institutions closer together.
  • "The IMF has learned that if you do adjustment and you don't pay attention to the social costs of adjustment — if you don't have measures in place to make it easier for the most vulnerable people — then there could be a backlash," she says.

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House Speaker Nancy Pelosi told "Fox News Sunday" that states don't have the funds to comply with the executive order President Trump signed on Friday, which requires them to cover 25% of an additional $400 in weekly unemployment benefits.

Why it matters: Many state and local governments have had their budgets devastated by the economic impacts of the coronavirus, which have caused expenses to soar and revenues to plunge.

Kudlow says he regrets claiming Trump couldn't use executive order for unemployment

White House economic adviser Larry Kudlow said on CNN's "State of the Union" Sunday that he regrets suggesting this week that unemployment benefits can only be extended by Congress.

Why it matters: President Trump's decision to bypass Congress to sign four executive actions, including one that provides $400 per week in extra unemployment benefits, has prompted outcry from Democrats and even some Republicans who believe he is overstepping his constitutional authority.

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Lebanon information minister resigns days after deadly explosion

Anti-government protesters in Beirut. Photo: STR/NurPhoto via Getty Images

Lebanon’s information minister resigned on Sunday in the wake of mass protests over the deadly blast in Beirut's port last week, which has killed at least 160 people and injured nearly 6,000, AP reports.

Why it matters: In her resignation letter, Manal Abdel-Samad called change "elusive" and apologized for not delivering more to the country, which had been devastated by a financial crisis and the coronavirus pandemic even before the blast destroyed much of the capital city.