U.S. says G20 to work on global rebalancing timeline

WASHINGTON, Nov 3 (Reuters) - A U.S. Treasury Department official said on Tuesday that this weekend's meeting of Group of 20 finance ministers in Scotland was expected to focus on how to implement broad plans to rebalance the global economy by boosting consumption in Asia and savings in the United States.

The U.S. official told reporters that the United States wants to emphasize that it would be a mistake to withdraw fiscal stimulus prematurely but said the G20 wants to start working on a timeline for implementing a framework agreement produced at a meeting in Pittsburgh in September.

The official said that issues relating to currency movements might well arise in broad discussions on global economic conditions, but turned aside questions on whether U.S. Treasury Secretary Timothy Geithner wants to reassure the G20 about Washington's commitment to keeping the dollar from weakening further. (Reporting by Glenn Somerville and David Lawder)