White House: Don't End Stimulus Efforts Yet

By: Associated Press Email
By: Associated Press Email

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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.

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