Economy, G-20 | featured news

Leaders' dilemma is how to cut spending without undermining the economies they seek to sustain.

The largest countries, like China and the U.S., should lead by example. The G-20 meeting this weekend in Canada has a heavy agenda and high expectations. Leaders face a serious challenge to demonstrate determination to follow through on the September 2009 Pittsburgh summit's framework for strong, sustainable and balanced growth.

Canada thinks it can teach the world a thing or two about dodging financial meltdowns. The 20 world leaders at an economic summit in Toronto next weekend will find themselves in a country that has avoided a banking crisis where others have floundered, and whose economy grew at a 6.1 percent annual rate in the first three months of this year.

A letter in advance of a G-20 meeting warned of economic relapse if stimulus programs are withdrawn, and hinted that China’s currency remains too weak.

The world's most exclusive club has just gotten bigger, and it is promising a lot of big things for the global economy. But it is likely to have just as much trouble delivering results as the smaller group it replaced....

The top industrialized nations are in Pittsburgh to discuss ways to head off another financial collapse. But don't expect any major progress.

Protesters demonstrating against capitalism at the Group of 20 summit ran through central Pittsburgh on Thursday, smashing shop windows as police in riot gear used pepper gas and batons to disperse them.

U.S. Treasury Secretary Timothy Geithner on Tuesday said that the U.S. economy appeared to be picking up steam and G20 leaders gathering in Pittsburgh this week would strive to ensure the recovery was balanced.

The unrelenting global troubles confronting Barack Obama are about to converge on him all at once, providing a stern test of leadership for a first-year president who has pledged to "change the world."

President Obama said in his weekly radio address that the world’s leading economic powers had progressed in stabilizing the financial system but that work remained.