WASHINGTON -- President Barack Obama says other nations must sign on to aggressive steps to jump-start their own economies, warning that without global coordination U.S. actions could falter.
Obama told reporters after meeting Wednesday in the Oval Office with Treasury Secretary Timothy Geithner that continued deterioration in the world economy is "going to set us back."
The president said his conversations with allies so far have been aimed at laying the groundwork for a summit of advanced and developing nations taking place in London early next month. Geithner is heading to Britain this week for talks with finance ministers as a precursor to the leaders' meeting later.
Obama said he is optimistic about the prospects for success at the G-20 summit.
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