WASHINGTON, Aug 2 (Reuters) - IMF chief Christine Lagarde on Tuesday welcomed U.S. lawmakers' agreement to raise the nation's debt ceiling and cut spending, saying it reduced a major uncertainty in the markets and bolstered U.S. fiscal credibility.
Lagarde, the International Monetary Fund managing director, said in a statement that given the frail U.S. economic recovery, the planned spending cuts were "appropriately phased and not overly frontloaded so as not to undermine growth."
(Reporting by Lesley Wroughton, Editing by Chizu Nomiyama)
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