Finance leaders pledge to work to end recession

WASHINGTON – Finance officials promised Friday to move swiftly to provide the necessary fiscal tonic – tax cuts or increased government spending – to turn around their own troubled economies. And, they pledged to act, as needed, to spur lending and shore up shaky banks by injecting capital to protect against further losses. The officials failed to immediately secure further agreements to financially fortify the International Monetary Fund. “We are committed to act together to restore jobs and growth and to prevent a crisis of this magnitude from occurring again,” Treasury Secretary Timothy Geithner and his counterparts from the world’s top seven industrialized democracies said in a joint…

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