News - National
Obama: leaders united, confident after bringing economy out of crisis
Posted: Sep 26, 2009 5:46 AM by Associated Press
President Barack Obama says world leaders are "confident and united" as they forge ahead with efforts to fix a malfunctioning global economic system and head off future financial meltdowns.
At the conclusion of a two-day summit of the world's 20 top economies in Pittsburgh, Obama says the actions the leaders have taken so far have brought the global economy "back from the brink."
The G-20 leaders agreed to keep stimulus plans, including government spending programs and low interest rates, generally in place for now to keep from derailing any recovery.
Obama had pressed for such a course, saying the "coordinated stimulus plans played an indispensable role in averting catastrophe." He says stimulus efforts should continue until "people are back to work" and will be phased out when the "recovery is strong."
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