PITTSBURGH, Pennsylvania (CNN) - Leaders of the G-20 will announce Friday that the group will become the new permanent council for international economic cooperation, senior U.S. officials told CNN Thursday.
The move comes in the wake of a major push by U.S. President Barack Obama, the officials said. The G-20 will now essentially eclipse the G-8, which will continue to meet on major security issues but carry much less influence.
"It's a reflection of the world economy today and the players that make it up," said one senior official. Nations like China, Brazil and India - which were locked out of the more elite G-8 - will now be part of the larger group.
I am proud of President Obama, for taking his place at the G-20 Summit, and accomplishing cooperation and respect from many nations! It certainly is a different atmosphere than it was a few years ago when Chavez compared Bush to the "Devil"! And, in many respects there was alot of truth in Chavez's opinion way back then. "Rounding up and bringing em in to justice"! That was Bush's motto! And he made so MANY ENEMIES in (8) years, it is simply a MIRACLE, that today, the G-20, has been successful and nations are respecting America and willing to work together for a better world!
Congratulations, President Obama! You are to be commended. And you have only held office since January, 2009!!!!!!!
And Michelle is showing them how a farm works? Like these countries don't know! Like SHE has to show them? Geeeze!!!!!!!!!!!!
Feels great that many countries in the world want to work with us in the pursuit of peace and take care of our planet.
How is this news?
It's only right to include countries that have funded Americans' recent spending sprees through their current account surpluses and huge dollar reserves.
On another note, it's interesting that G-8/20 protesters and globalists both oppose nationalism and immigration restrictions. They have more in common than one would think.
I suspect many of these "anarchists" are not working for "The Movement," but someone else.
Look out for China. They are buying oil firms in Iran, and have twice in the past year asked the world currency to be moved off the dollar and on to something else. They hold most of our debt in treasury bonds, and they are now the world's largest manufacturer of goods with the most cash. We have been letting things slip away and we have not been paying attention to what the rest of the world is doing.
We need a whole lot less of this garbage and a whole lot more ethical and honest world leaders. Not to mention the mess of corruption in our own government.
Maybe it should stay the G 8. China could bump the US out of the G 8. We are China's endentured servant. Obama lectured them about global warming yesterday, and today they called some of our debt. Next thing they cut up our credit card.
Now this is progress.
Those of you that are blasting President Obama because you think he is weak dont get it do you this is the change he is talking about for one, he may appear weak but i guarantee the other world leaders dont take him likely, they respect him just like they will respect America again.