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JUL 20, 2013 - San Francisco Chronicle

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Finance chiefs back government stimulus programs

The top financial officials of the world's largest economies issued a joint statement Saturday endorsing continued government spending to prime the global economy for a full recovery. While not openly critical of austerity measures like the across-the-board automatic federal budget cuts in the United States, the statement suggested most governments see recovery as too weak to risk reducing spending on unemployment benefits, job training, education and other public sector outlays. The officials also discussed strategies for ending central bank monetary stimulus, like the bond-buying program ... Read More

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