Rest of G-20 Resists Obama's Call to "Borrow & Spend"

President Obama might have a difficult time convincing leaders from other G-20 nations to listen to his ideas on stimulative fiscal policies. It would seem that the credit markets have already strongly signalled to many countries in Europe that they are already default threats (i.e. Greece, Italy, Portugal, Spain). Though the global markets are still willing to loan the White House three billion dollars every day for the continued "stimulation" of the U.S. economy (view U.S. debt clock here), the markets have tightened the credit terms and pointed in the direction of austerity elsewhere. Read details of this aspect of the G-20 summit in Toronto here:

Rest of G-20 Resists Obama's Call to "Borrow & Spend"