WKYT | Lexington, Kentucky | News

Obama Presses for Action on Global Economy

LONDON (AP) - President Barack Obama has been trying to rally
world leaders to fix the global economy. Ahead of the G-20 summit
of nations, he's pushing to restore confidence among the world's
consumers and unity among its leaders. He says, "We can only meet
this challenge together."
Obama and British Prime Minister Gordon Brown are attempting to
downplay a rift with French President Nicolas Sarkozy and project
While Obama said he was "absolutely confident" that the
meeting of rich and emerging countries would find consensus,
Sarkozy warned that neither his country nor Germany would align
with "false compromises," suggesting that final agreement on what
do to was still being worked out.
Washington has pushed for other governments to pump more money
into economic stimulus programs, but many European countries have
instead promoted a focus on tighter regulation to rein in financial
market excesses.

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