Latest update :-
WASHINGTON (AP) -- President Barack Obama says the world's leading economic powers have made progress in stabilizing the global financial system but much work remains to produce needed jobs and growth.
"The good news is that we've made real progress since last time we met -- here at home and around the world," Obama said in his weekly radio and Internet address Saturday. The G-20 summit in Pittsburgh next week comes five months after the group of 20 nations with the world's leading and emerging economies met in London.
Obama said it will offer a good chance for a "checkup to review the steps each nation has taken -- separately and together -- to break the back of this economic crisis." He recalled that the April meeting came at the height of the crisis.
Obama noted several steps have been taken to spur the U.S. economy, pointing to the stimulus package, efforts to unlock frozen credit markets and free more loans for people investing in homes, cars, education or financing small businesses. And he said other nations have been challenged to address underlying problems that caused a deep global recession.
PITTSBURGH (AP) -- An anti-war group plans to set up a tent city during the Group of Twenty economic summit this week to focus attention on the plight of women and children made refugees by war.
