The new head of the International Monetary Fund has a local connection.
French Foreign Minister Christine Lagarde, who once attended Holton Arms School in Bethesda, Md., is the first woman ever appointed managing director the IMF.
She'll replace Dominique Strauss-Kahn, who resigned after being accused of sexual assault at a New York hotel.
Lagarde has wide support in Europe because of her leading efforts to fight the debt crisis.
