Obama urges other nations to take economic stimulus action

By
March 12, 2009 02:03

Just ahead of a major global economic summit, US President Barack Obama called Wednesday for international allies to develop more aggressive steps to jump-start their own economies. Obama told reporters after a White House meeting with Treasury Secretary Timothy Geithner that efforts to pull the US economy out of recession will falter without global coordination. "We can do a really good job here at home, with a whole host of policies, but if you continue to see deterioration in the world economy, that's going to set us back," Obama said. Geithner outlined an ambitious agenda, including a tenfold increase in the size of emergency money the International Monetary Fund uses to help countries in trouble to as much as $500 billion.


Related Content

Soldiers of the German armed forces Bundeswehr hold the Iranian flag
August 17, 2019
Germany slammed for honoring ‘barbaric’ Iranian regime ambassador

By BENJAMIN WEINTHAL

Cookie Settings