Sunday, June 27, 2010

News Alert: World Leaders at Toronto Summit Pledge to Cut Deficits

Breaking News Alert
The New York Times
Sun, June 27, 2010 -- 5:22 PM ET
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World Leaders at Toronto Summit Pledge to Cut Deficits

Leaders of the world's biggest economies agreed on Sunday on
a timetable for cutting their deficits and halting the growth
of their public debt, despite the Obama administration's
concern that reducing spending too quickly might set back the
fragile global recovery.

The Group of 20 countries ended a two-day summit meeting here
by endorsing a goal of cutting government deficits in half by
2013 and stabilizing the ratio of public debt to gross
domestic product by 2016. Canada's prime minister, Stephen
Harper, had proposed the targets and received the backing of
several European leaders.

Read More:
http://www.nytimes.com/2010/06/28/business/global/28summit.html?emc=na

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