Presidential Weekly Address: Weekly Address: Progress with the G-20 in Pittsburgh

Highlights:
-a new commitment to meet common challenges, and real progress in advancing America’s national security and economic prosperity.

-reached an historic agreement to reform the global financial system—to promote responsibility and prevent abuse so that we never face a crisis like this again.

-reformed our international economic architecture, so that we can better coordinate our effort to meet the challenges of the 21st century.

-the G-20 nations agreed to phase out $300 billion worth of fossil fuel subsidies.

-all nations have the right to peaceful nuclear energy; nations with nuclear weapons have the responsibility to move toward disarmament; and nations without them have the responsibility to forsake them.

-the United Kingdom and France in presenting evidence that Iran has been building a secret nuclear facility to enrich uranium.

-International negotiations with Iran scheduled for October 1st.