Obama urges other nations to take economic stimulus action

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March 12, 2009 02:03

 
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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.

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