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UPDATE 1-Obama, aides weighing global economic picture

Published 08/11/2010, 02:42 PM
Updated 08/11/2010, 02:44 PM

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WASHINGTON, Aug 11 (Reuters) - President Barack Obama and his top advisers are looking closely at the global economic picture and are weighing ways to ensure that the U.S. recovery remains on track, the White House said on Wednesday.

White House spokesman Robert Gibbs said Obama met earlier with senior economic adviser Larry Summers and "talked through some scenarios with Dr. Summers on what we were seeing worldwide."

"I think he will continue to talk to the team about any efforts they think are necessary to ensure that we continue positive job growth and that we see positive economic growth," Gibbs told a news briefing in response to a question about the growing concerns about the economic outlook.

Renewed fears of an economic weakness in China and the United States sent the U.S. stock prices tumbling more than 2 percent. (Writing by Caren Bohan; Editing by Vicki Allen)

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