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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

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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.