Obama urges other nations to take stimulus action

Published Thursday, March 12, 2009

By AP

President Barack Obama has called for international allies to develop more aggressive steps to jump-start their own economies.

Obama told reporters after a White House meeting Wednesday with Treasury Secretary Timothy Geithner that efforts to pull the US economy out of recession will falter without global coordination. Geithner is headed to Britain this week for talks with the finance ministers of 20 advanced and developing nations. Those meetings are a precursor to a leaders’ summit on the financial crisis, set for early next month in London.

Meanwhile, Obama will work with states on Thursday on how to spend the money from his $787 billion economic stimulus package. He will also meet with Chinese Foreign Minister Yang Jiechi.

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