Financial Regulatory Forum

U.S stimulus working, deficit can wait – Summers

Larry Summers   By Emily Kaiser
   WASHINGTON, July 17 (Reuters) – The Obama administration’s $787 billion stimulus package is working despite rising U.S. unemployment and stabilizing the economy must take precedence over tackling the bloated deficit, a top White House economic adviser said on Friday.

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G8: world economy may need more help, leaders mute currency debate

France's President Nicolas Sarkozy (L), U.S. President Barack Obama   By Darren Ennis and Krittivas Mukherjee
   L’AQUILA, Italy, July 8 (Reuters) – G8 leaders believe the world economy still faces “significant risks” and may need further help, according to summit draft documents that also reflect failure to agree climate change goals for 2050. (more…)

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