Obama says G-20 accords prove nations could bridge differences

By AP
Sunday, June 27, 2010

Obama says G-20 produced important progress

TORONTO — President Barack Obama on Sunday said he welcomed an international commitment for rich countries to slash their deficits in half by 2013, despite his earlier warnings against halting stimulus spending too abruptly.

“We can’t all rush to the exits at the same time,” Obama told a news conference at the conclusion of a summit of the 20 major industrial and developing economies.

Obama issued a warning to North Korea, saying its alleged sinking of a South Korean warship was “belligerent behavior that is unacceptable” to the international community.

“It is absolutely critical for the international community to rally behind” South Korean President Lee Myung-bak, Obama said.

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