Leaders of the world's largest economies agreed on Thursday to a package worth more than $1 trillion to tackle the global economic crisis.
U.S. President Barack Obama called the deal "a turning point in our pursuit of global economic recovery." The plan calls for reform of the international banking system and the injection of more than $1 trillion into the world financial system.
The Group of 20 is taking "unprecedented steps" to attack the global economic downturn, stimulate growth and expand loans to troubled nations, Obama said at the close of the group's meeting in London. Read full article »