Economics

Obama Heads to G-20 With Few Tools to Stem Euro Crisis

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When President Barack Obama meets with leaders of the world’s largest economies next week, he’ll confront one of the biggest threats to his re-election.

Europe’s sovereign debt crisis, which Obama has called the “cloud” hanging over the U.S. economy, will be the central topic for the Group of 20 nations summit next week in Los Cabos, Mexico. Yet U.S. officials said they don’t expect the meeting to result in significant progress toward a resolution.