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U.S. tells G7 that it is back at the table to help with global recovery
U.S. President Joe Biden’s administration told allies it was re-engaging with them to help steer the global economy out of its worst slump since the Great Depression, a contrast with the go-it-alone approach of Donald Trump.
U.S. Treasury Secretary Janet Yellen told her peers from the Group of Seven rich democracies that Washington was committed to multilateralism and “places a high priority on deepening our international engagement and strengthening our alliances.”
Yellen spoke to the G7 in a virtual video meeting, chaired by Britain, at which she called for continued fiscal support to secure the recovery, saying “the time to go big is now.”
Finance chiefs from rich countries discussed ways to steer the global economy out of its worst slump since the Great Depression and agreed on the need to solve a tax dispute that has become a test case for U.S. re-engagement under new president Joe Biden. Britain, which is chairing the Group of Seven industrialised nations .
U S tells G7 that it is back at the table to help with global recovery netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.