Obama Arrives in Canada for Economic Summits

http://news-updations.blogspot.comPresident Barack Obama, making his third foreign trip of the year, arrived in the Toronto today for the G-8 and G-20 economic summits, where he will find there leaders of the largest industrial and developing nations at odds over how to strike the right balance between continued government stimulus spending and confronting ballooning budget deficits.

President Obama, whom Reid notes has taken a very strong in leadership role at international economic summits in the past and is expected to do so again, was not getting a lot of support for his cautionary warnings that countries should not pull back their stimulus efforts too quickly.

Britain, Germany, France and Japan have all being unveiled deficit-cutting plans.

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