Barack Obama, G20 Summit | featured news

President Obama and the G-20 could not agree on how to add resources to the International Monetary Fund so that it can help with the European debt crisis. G-20 members did say that the IMF should have more tools and money, but decisions on exactly how to do that were put off until next year.

President Obama asserted Friday that the punishment his party took in midterm elections has not damaged his ability to advance U.S. interests overseas, saying his Asia trip has shown that many countries still want to work with the United States.

President Obama's inability to secure a free-trade agreement with South Korea reveals in sharp relief the limits of his leverage overseas after a devastating midterm election.

President Obama urged other world leaders Wednesday to reduce their reliance on exports to the United States to drive their economic growth, stressing a need to resolve global imbalances such as China's huge trade surplus.

North Korea fired two rounds toward South Korea at their tense border Friday and South Korean troops immediately fired back, highlighting the security problems faced by Seoul as it prepares to host Barack Obama and other world leaders at the Group of 20 economic summit next month.