by Calculated Risk on 3/28/2009 06:31:00 PM

From the WaPo: Obama Signals Flexibility Ahead of G-20 Summit

The Obama administration on Saturday appeared to back away from calls for other nations to mirror the United States in combating the financial crisis with ramped up government spending ...

U.S. officials yesterday dismissed any notion of a rift, saying they would not press nations to adopt specific spending targets. "Nobody is asking any country to come to London to commit to do more right now," said Deputy National Security Advisor for International Economic Affairs, Michael Froman. ...

Experts say the U.S. stance may reflect a recognition that the White House may simply not be able to convince their European counterparts to spend more. Some said it may herald a modest outcome for the summit.

Those expecting anything of substance from the G-20 meeting will probably be disappointed ...