Global finance officials watching US debt talks

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Associated Press

Posted on October 11, 2013 at 1:00 AM

Updated Friday, Oct 11 at 3:03 AM

WASHINGTON (AP) — The threat posed by the U.S. debt standoff is sure to be a prime topic of discussion when finance officials from major nations gather for their latest stock-taking of the global economy.

Finance ministers and central bank officials from the Group of 20 nations are in Washington ahead of weekend meetings of the 188-nation International Monetary Fund and its sister lending organization, the World Bank.

U.S. Treasury Secretary Jacob Lew and Federal Reserve Chairman Ben Bernanke will represent the United States at the discussions.

The finance officials are meeting at a time when growth in emerging market economies has cooled and some of them have struggled to contain the fall-out from worries over rising interest rates if the Federal Reserve begins trimming its bond purchases.

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