In the wake of a European debt crisis, the recent G-20 meeting in Toronto revealed the intention of many European nations to begin dramatically tightening their fiscal belts.
The world leaders agreed to cut deficits in half by 2013 and "start to stabilize their debt-to-output ratios by 2016," according to Bloomberg Businessweek. That goal conflicted with President Barack Obama's wishes. During the economic summit, he "urged continued spending to support growth."
Overall, the news media have been supportive of the Obama's spending requests, a trend some continued in reports about the summit.
An "American Morning" segment painted a flattering picture of Obama at the G-20 summit by ignoring the "rift" between Obama's push for more stimulus and Europe's desire to slash budgets. Christine Romans made it sound as if everyone came to an agreement.