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good evening, everyone. i m erin burnett. outfront tonight, ooh-la-la. france s most powerful woman sticking her nose in america s business. it is sort of her job to do that. christine lagarde, head of the imf, had a doom and gloom message for washington today. economic recovery remains tepid, and downside risks have intensified. what we see is clearly a risk that confidence be eroded. and she didn t stop there. she took on president obama, too. in fact, she called his $3.8 trillion budget, which he says will reduce the deficit from 8.5% to 5.5% of our economy by next year as too rapid. among her suggestions, more infrastructure spending, housing initiatives and further extension of the emergency unemployment benefits. now, hey, we re all for ideas from anyone, but this did seem to be a pretty naked endorsement of the spend, spend, spend idea which is in vogue in lagarde s home country of france right now, where they plan to cut the retirement age from 62 to 60. h ....
good evening, everyone. i m erin burnett. outfront tonight, ooh-la-la. france s most powerful woman sticking her nose in america s business. it is sort of her job to do that. christine lagarde, head of the imf, had a doom and gloom message for washington today. economic recovery remains tepid, and downside risks have intensified. what we see is clearly a risk that confidence be eroded. and she didn t stop there. she took on president obama, too. in fact, she called his $3.8 trillion budget, which he says will reduce the deficit from 8.5% to 5.5% of our economy by next year as too rapid. among her suggestions, more infrastructure spending, housing initiatives and further extension of the emergency unemployment benefits. now, hey, we re all for ideas from anyone, but this did seem to be a pretty naked endorsement of the spend, spend, spend idea which is in vogue in lagarde s home country of france right now, where they plan to cut the retirement age from 62 to 60. h ....