G20 says U.S. must take action on fiscal uncertainties-communique
WASHINGTON Oct 11 (Reuters) - Finance officials from the G20 leading economies on Friday called on the United States to act urgently to address short-term fiscal uncertainties.
The U.S. federal government has been partially shut down since Oct. 1 amid a budget standoff between congressional Republicans and the White House. Republicans also have refused to raise the cap on U.S. debt, which could cause a default and throw global markets into chaos.
In a closing summit communique, the G20 also said downside risks remain for the world economy and that emerging markets, which have suffered from volatility in recent months, remain important drivers of global growth.
- Missing jet may have strayed toward Andaman Sea: Malaysian air force |
- Malaysia military source says missing jet veered to west |
- Toddler found with heroin at New Jersey daycare center
- Special Report: How China's official bank card is used to smuggle money |
- Ukraine appeals to the West as Crimea turns to Russia |