March 11th, 2009
10:48 AM ET
5 years ago

Obama lays out G-20 goals


Watch President Obama's comments Wednesday during a meeting with Treasury Secretary Geithner.

WASHINGTON (CNN) - President Obama outlined goals for the upcoming Group of 20 summit Wednesday morning at the White House, and urged nations to take aggressive actions to jumpstart their own economies.

"I think it's very important for the American people to understand that as aggressive as the actions we are taking have been so far, it's very important to make sure that other countries are moving in the same direction," President Obama told reporters in the Oval Office.

The president noted that the US has taken a "significant lead" with his $787 billion economic recovery act, but stressed that international cooperation is essential top bring about stability in world markets.

The remarks came during a joint media appearance with Treasury Secretary Timothy Geithner, held before Geithner embarks on an overseas trip to meet with G-20 finance ministers and central bank governors in Europe.

"It's time now for us to move together and to begin to act to put in place a stronger framework of reforms. A lot of good work has happened, but we need to now bring this together so that we're together as a world economy working together," Geithner echoed in the morning meeting. "Everything we do in the United States will be more effective if we have the world moving with us."

Geithner is set to discuss how emerging markets and developing countries can maintain stability and are able to continue purchase of American goods in the upcoming G-20 meeting.

Filed under: Economy • President Obama
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