April 26, 2009 Sunday
Updated


WASHINGTON - US PRESIDENT Barack Obama on Saturday urged workers and business to come up with creative and wide-ranging ways to cut budgets and reduce costs ahead of a forum on government reform.

Speaking to Americans in his weekly radio address, the president said that people across the country know that 'the best ideas often come from workers - not just management.

 
IMF needs money now

WASHINGTON - MEMBER states must come up with hard cash to ensure the International Monetary Fund has the resources to help developing countries weather the global crisis, the United States said on Saturday.

Protesters disrupt meetings

WASHINGTON - ABOUT 100 activists are protesting world leaders' handling of the economic crisis by trying to disrupt the weekend International Monetary Fund and World Bank meetings in Washington.

Finance officials at odds

WASHINGTON - FINANCE officials are pledging to keep the momentum going in their efforts to combat a severe global downturn but have hit a stumbling block in differences over how to boost the resources of the International Monetary Fund.

The debate underscored what could be a growing divide within the 185-nation IMF, with emerging economic powers such as China, Russia, Brazil and India insisting that old-line powers such as the United States, France and Britain listen to their ideas on different funding approaches for the IMF.

   
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