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Obama tells G-20 nations to seal economic recovery

WASHINGTON (AP) - President Barack Obama is asking America's G-20 trading partners to work closely him "to safeguard and strengthen the recovery" from the near collapse of the global economic system in the fall of 2008.

Looking ahead to the coming G-20 summit in Toronto, Obama noted that "significant weaknesses" linger among the major and developing economic powers. He says in a letter to his summit partners that "it is essential that we have a self-sustaining recovery that creates the good jobs that our people need."

He said the summit in late June 27 must also work to stabilize public debt, while also saying that nations must be careful about withdrawing stimulus programs too quickly during times of slack demand and business sluggishness.


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