G-20 summit wraps up in Toronto - WKOW 27: Madison, WI Breaking News, Weather and Sports

G-20 summit wraps up in Toronto


TORONTO (WKOW) -- The G-20 summit is wrapping up in Toronto, Canada on Sunday night.

President Barack Obama says the G-20 summit has produced important progress in addressing the global economic crisis.

Obama said that agreements on issues including deficit reduction prove the diverse nations in the G-20 can bridge their differences and coordinate their approaches.

Obama's remarks Sunday came at the conclusion of the meeting in Toronto.

The headline agreement from the summit was a pledge by world leaders to cut government deficits in half in most industrialized nations by 2013.

Some pundits say other international news, mostly the World Cup, seemed to overshadow the summit.

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