World Leaders at Toronto Summit Pledge to Cut Deficits
Leaders of the world's biggest economies agreed on Sunday on a timetable for cutting their deficits and halting the growth of their public debt, despite the Obama administration's concern that reducing spending too quickly might set back the fragile global recovery.
The Group of 20 countries ended a two-day summit meeting here by endorsing a goal of cutting government deficits in half by 2013 and stabilizing the ratio of public debt to gross domestic product by 2016. Canada's prime minister, Stephen Harper, had proposed the targets and received the backing of several European leaders.
It seems Greece was more compelling than Mr. Obama? Read More:
Oh, and Tyler Durden was arrested.