G20 seeks 'urgent action' from US on budget impasse
WASHINGTON (AFP) - Finance chiefs of the G20 on Friday called for Washington to quickly resolve the political paralysis over its budget and debt ceiling.
Singling the United States out in a statement on the issues confronting global finance, representatives of the world's most powerful economies signalled worry about the stalemate that could potentially force Washington to default on its debt.
"The US needs to take urgent action to address short-term fiscal uncertainties," the G20 finance ministers and central bankers - including those fromt he United States - said in a statement.
Meeting in Washington, the officials warned that there were still risks to global economic growth, and that many countries faced "unacceptably high unemployment". Asked about the G20 views of the US political stalemate, Mr Anton Siluanov, the Russian finance minister whose country holds the presidency of the group this year, said they were mostly optimistic about the US reaching a timely solution to the problem of passing a budget and increasing the debt ceiling.