With economy in free fall, Egypt asks IMF for $4.8 billion

CAIRO — Facing an angry public spurred by a failing economy, Egyptian President Mohammed Morsi formally requested a $4.8 billion emergency loan from the International Monetary Fund on Wednesday during a meeting with its president in Cairo. IMF chief Christine Lagarde’s one-day visit seemed to mark the organization’s recognition that Morsi was Egypt’s undisputed leader, no longer part of a power ...