World News

Nov 5, 2012 4:32 AM by Associated Press

G-20 officials meet to discuss debt in Europe, US

MEXICO CITY (AP) - Finance ministers and central bank governors from the world's leading economies have growing fears over the global impact of Europe's debt crisis and the stalemate over a fiscal plan in the United States.

Their two-day meeting in Mexico City of G-20 financial officials comes just ahead of U.S. elections, but lacks key players such as Treasury Secretary Timothy Geithner. G-20 officials are concerned about a package of spending cuts and tax increases set to take effect unless the U.S. Congress acts by Jan. 1.

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