Brown and Obama hold US talks

UK and US leaders vow to repair their nations' troubled financial systems.

    Brown, right, is the first European leader to
    meet Obama since he became president [Reuters]

    The two leaders were also set to discuss ways to tighten global financial controls, a key issue at the G20 summit of developed and emerging economies that Brown will host in London on April 2. 

    Political boost

    Brown is the first European leader to meet Obama since he took office on January 20.

    The UK prime minister is also set to address US politicians at a special session of the US congress on Wednesday.

    In depth
    Brown, a former finance minister who has faced plummeting opinion poll ratings in the UK, is also hoping for a political boost from his meeting with Obama, whose approval ratings in the US remain high just six weeks into his administration.

    The high profile accorded to Brown's visit has not ended worry in the UK about whether the relationship between the two nations would remain as "special" as ever.

    "Our relationship is terrific," Obama said, praising Brown for his efforts to grapple with the struggling UK economy.

    However, a joint press conference set to be held on Tuesday was cancelled in what UK media reports described as a possible snub to the British prime minister.

    UK officials reportedly said the press conference was cancelled because of heavy snow on the White House grounds.

    'New Deal'

    Brown's call for a "global New Deal" paid tribute to the policies of Franklin Roosevelt's New Deal that lifted the US out of the Great Depression of the 1930's.

    The meeting came amid continuing turmoil on the global markets.

    On Monday, US stocks fell to their lowest levels in more than 11 years after US insurance giant AIG reported a $61.7bn loss, the worst ever for a US firm.

    "A lot of people looking at this downturn are looking also at the way we can create a better and stronger and more stable economy in the upturn," Brown told US National Public Radio (NPR) earlier on Tuesday.

    "What you really need is a better early warning system. What you need are better rules and standards that can be adopted and can be understood to be the fair ones across the system. What, of course, you need is governments that are prepared to take the supervisory action."

    SOURCE: Al Jazeera and agencies


    YOU MIGHT ALSO LIKE

    Survivor stories from Super Typhoon Haiyan

    Survivor stories from Super Typhoon Haiyan

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Thou Shalt Not Kill: Israel's Hilltop Youth

    Thou Shalt Not Kill: Israel's Hilltop Youth

    Meet the hardline group willing to do anything, including going against their government, to claim land for Israel.