Goldman, Sachs & Co. managing director E. Gerald Corrigan told lawmakers Monday that the U.S. should help recapitalize the International Monetary Fund.

At a House Banking Committee hearing, Mr. Corrigan testified that providing new funds to the IMF would be "unambiguously in the interest of the United States." He said that if the fund had not been helping Korea and Thailand during their economic crises in 1997, both countries "would have run out of money," causing problems here and abroad.

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