G-20 Saved World Economy: Obama

Leaders agree to stick with stimulus programs until recovery firms up
By Newser Editors and Wire Services
Posted Sep 25, 2009 5:06 PM CDT
President Barack Obama answers questions during a press briefing at the conclusion of the G-20 summit, Friday, Sept. 25, 2009 in Pittsburgh.   (AP Photo/Gerald Herbert)
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(Newser) – President Barack Obama asserted today that he and other leaders of the world's 20 largest economies took actions that "brought the global economy back from the brink" and saved or created millions of jobs. "We leave here today confident and united," he said at the conclusion of a two-day summit to deal with the worst economic crisis since the 1930s.

He spoke as world leaders lined up behind sweeping promises designed to fix a malfunctioning global economic system in hopes of heading off future financial meltdowns. The leaders agreed to leave stimulus programs in place for now until recoveries are more firm. "We must make sure that when growth returns, jobs do, too," he told a wrap-up news conference.