Thursday 10 October 2013

G-20 finance officials to focus on U.S. budget standoff

Top Group of 20 finance officials will kick off their two-day talks in Washington on Thursday afternoon with the focus on whether they can hammer out an effective message that can help solve the U.S. budget standoff.
The meeting of the G-20 finance ministers and central bank chiefs comes as the U.S. fiscal problem raises strong concerns as a new risk for the global economy. There will be serious consequences on financial markets if the U.S. government defaults on its debt without a deal before the Oct. 17 deadline.

Source: NewsOnJapan

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