G-20 major economies

The G-20 meets this week to tackle the global financial crisis. Dan Price, the White House official responsible for the preparation of the G-20 summit last November, joins The Takeaway from London to talk about why this G-20 is so important for the U.S.

President Obama announced today that the G20 will NOW act as the global forum for economic policy � and not the smaller G8. The decision brings some of the newer, developing economies to the table. Anchor Marco Werman explains.

Finance ministers from around the globe are in Washington today. They’re trying to fine-tune their responses to the economic crisis and implement some of the steps agreed upon at the G20 summit in London. Anchor Katy Clark speaks with John Authers, Investment Editor of the Financial Times in New York.

For today’s Geo Quiz, we were looking for a place in the world where G20 identifies not an economic summit, but a zip code. The answer is Maryhill, part of the Scottish city of Glasgow.

Much of Europe is now officially in recession. The news comes just as world leaders are preparing for a financial crisis summit in Washington. The World’s Jason Margolis has a preview.