TV News LIES

Sunday, Sep 23rd

Last update05:20:13 AM GMT

You are here News Economy Humbled US agrees to share world's financial top billing

Humbled US agrees to share world's financial top billing

E-mail Print PDF

THE world's international financial institutions will be reshaped and worldwide regulatory and accounting rules reformed as a result of the G20 meeting.

The global leaders' 11-page statement spoke of broad principles, leaving the details to be worked out by aides before another summit meeting in April, after Barack Obama assumes the US presidency.

Under the plans outlined by the leaders, countries such as China, Brazil and India will gain greater roles and responsibilities in a restructuring of the international financial system, while European leaders won a commitment to new regulations and controls on banks, rating agencies and exotic financial securities.

The leaders also agreed that a dramatic failure of market checks in "some advanced countries" was among the root causes of the financial crisis, an implicit rebuke of the US.

More...


Most Recent Related Stories...


China Tariff Retaliation Will Hit $60 Billion of U.S. Goods

Trade war with China China announced it will take retaliatory tariff action against $60 billion of U.S. goods, sharply escalating...

U.S. businesses roll out campaign to end tariff wars

US businesses roll out campaign against teriff warU.S. businesses have united in a campaign to be unveiled on Wednesday against President Donald Trump's...

Trump to announce $200B in tariffs on Chinese goods as early as Monday: report

Trump to announce tariffs on China as eartly as MondayPresident Trump will announce $200 billion in tariffs on Chinese goods early next week, despite his administration's...

Federal deficit soars 32 percent to $895B

ocbThe federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!