Obama: U.S. wants G20 action on growth, regulations

WASHINGTON Wed Mar 11, 2009 11:13am EDT

President Barack Obama speaks at the U.S. Hispanic Chamber of Commerce 19th Annual Legislative Conference in Washington March 10, 2009. REUTERS/Larry Downing

President Barack Obama speaks at the U.S. Hispanic Chamber of Commerce 19th Annual Legislative Conference in Washington March 10, 2009.

Credit: Reuters/Larry Downing

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WASHINGTON (Reuters) - President Barack Obama said the U.S. message at this weekend's meeting of Group of 20 finance ministers will focus both on a call for action to spur global economic growth and to overhaul financial regulations.

"We've got two goals in the G20," Obama said during a meeting in the Oval Office with U.S. Treasury Secretary Timothy Geithner.

"The first is to make sure that there is concerted action around the globe to jumpstart the economy. The second goal is to make sure that we are moving forward on a regulatory reform agenda."

(Reporting by Caren Bohan, Editing by Sandra Maler)

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