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Brexit Spawned by Tensions Over Globalization, Obama Says

U.S. leader’s plea to stay fails to sway outcome of U.K. vote
Clinton says uncertainty requires ‘calm, steady’ leadership

Bloomberg business news — Obama: Special Relationship With U.K. Despite Brexit

By

Angela Greiling Keane and

June 24, 2016, 3:55 AM UTCUpdated onJune 24, 2016, 9:52 PM UTC

The U.K.’s vote to exit the European Union shows the challenge posed by globalization, President Barack Obama said Friday, while promising that the “special relationship” between the U.S. and Britain would endure.

Obama said he respected the decision of British voters, and spoke with Prime Minister David Cameron -- who announced he will resign -- about ensuring the country’s“orderly transition” from the EU.