Canada’s Flaherty Says He’s Discouraged by Pace of U.S. Talks
Canadian Finance Minister Jim Flaherty said today he’s discouraged by the lack of progress in talks between U.S. President Barack Obama and Republican lawmakers in Congress to lift the country’s debt ceiling and avoid a default.
“I was discouraged,” Flaherty said, speaking on Question Period on the CTV television network, when asked about the talks. “The U.S. economy is the biggest in the world and it affects all of us.”
Flaherty also said he hoped a temporary solution could be reached that would allow negotiations on a longer-term resolution of U.S. fiscal challenges. “We have some serious economic problems in the world, and we need to be mindful of that,” he said.
Speaking of the Canadian economy, Flaherty said he doesn’t anticipate “huge economic growth in Canada in the next few years.”
Flaherty has been in Washington to attend meetings of finance officials from the Group of 20 nations and the International Monetary Fund.
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