Top Republican calls for no U.S. money for IMF bailout

Rep. Cathy McMorris Rodgers (R-Wash.) has announced that she opposes any American money being used in the IMF bailout of the Irish economy.

The US is the largest contributor to the IMF fund and Rodgers could well seek to block any funding going through.

The Irish American from Washington State is vice chair of the House Republican Conference and a rising star in the party.

"All across America, people are suffering from bailout fatigue," she said. "At a time when America is already borrowing 40 cents of every dollar it spends, does it make sense for us to borrow more money (much of it from China) to help bailout Europe?... A ‘Euro-TARP’ is the wrong approach, and America should have no part in it.”

Irish officials are currently negotiating with the European Union, European Central Bank and the International Monetary Fund for a package that is believed will be around $130 billion in aid.

The IMF already gave $382 billion in fiscal relief efforts for Greece and the European Union and McMorris Rodgers opposed that aid too.