White House: Don't End Stimulus Efforts Yet

By: Associated Press Email
By: Associated Press Email

Stay up-to-date with KAKE News:

Wednesday, July 8, 2009

The White House says it's not quite time for industrialized nations to pull the plug on economic stimulus efforts.

Economic adviser Mike Froman said Wednesday that world leaders gathered at a G-8 summit in Italy will seek a balance between continuing to stimulate sluggish economies and looking for exit strategies.

Froman told reporters there is still uncertainty and risk in the global economy. He also said it's important to return to fiscal sustainability, which would not include government stimulus efforts.

Some G-8 leaders have urged President Barack Obama to support an end to stimulus efforts soon.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 50226927 - kake.com/a?a=50226927