Budget row: G20 seeks ‘urgent
action’ from US
Published — Saturday 12 October
2013
WASHINGTON: Finance chiefs of the G20 called for Washington to
quickly resolve the political paralysis over its budget and debt ceiling as
hopes grew that Washington
could soon clinch a stop-gap deal to ensure it can keep paying its bills.
“The US needs to take urgent action to
address short term fiscal uncertainties,” the group of leading economies said
in a statement.
Officials from across the Group of 20 nations had earlier warned
that a failure by the US Congress to raise the nation’s $16.7 trillion debt
ceiling would wreak havoc on the global economy.
G20 (Group of 20)
Timothy F.
Geithner was a co-founder for the Group
of 20, the treasury secretary for the Barack
Obama administration, and an overseer at the International Rescue Committee.
Note: Foundation
to Promote Open Society was a funder for the International Rescue Committee, the Brookings Institution (think tank), and the Center for American Progress.
George
Soros is the chairman for the Foundation
to Promote Open Society, and was a supporter for the Center for American Progress.
Lawrence H. Summers was a trustee at
the Brookings Institution (think tank),
the National Economic Council chairman for the Barack Obama administration, is a co-founder for Group of 20, a distinguished fellow at
the Center for American Progress, and
a 2008 Bilderberg conference participant (think tank).
Melody
C. Barnes was the EVP for the Center
for American Progress, the domestic policy council, director for the Barack Obama administration, and is Barack Obama’s golf partner.
No comments:
Post a Comment