White House: Too soon for nations to end economic stimulus efforts
By Charles Babington, APWednesday, July 8, 2009
L’AQUILA, Italy — The White House says it’s not quite time for industrialized nations to pull the plug on economic stimulus efforts.
Economic adviser Mike Froman said Wednesday that world leaders gathered at a G-8 summit in Italy will seek a balance between continuing to stimulate sluggish economies and looking for exit strategies.
Froman told reporters there is still uncertainty and risk in the global economy. He also said it’s important to return to fiscal sustainability, which would not include government stimulus efforts.
Some G-8 leaders have urged President Barack Obama to support an end to stimulus efforts soon.
Filed under: Business, Economic Policy, Economy, Finance, Government, International Relations, Politics
Tags: D.c., Europe, European Union, Events, G-8 Summit, G-8 Summit 2009, Italy, L'Aquila, North America, President, Summits, United States, Washington, Western Europe
Tags: D.c., Europe, European Union, Events, G-8 Summit, G-8 Summit 2009, Italy, L'Aquila, North America, President, Summits, United States, Washington, Western Europe
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