G-20 says US must take action on fiscal uncertainties

WASHINGTON (REUTERS) - Finance officials from the G-20 leading economies on Friday called on the United States to act urgently to address short-term fiscal uncertainties.

The US federal government has been partially shut down since Oct 1 amid a budget standoff between congressional Republicans and the White House. Republicans also have refused to raise the cap on US debt, which could cause a default and throw global markets into chaos.

In a closing summit communique, the G-20 also said downside risks remain for the world economy and that emerging markets, which have suffered from volatility in recent months, remain important drivers of global growth.