G-20 Summit Brings Pledges to Reduce Deficits, Violent Protests

By: The Associated Press Email
By: The Associated Press Email

TORONTO (AP) - Leaders from the top 20 industrial and developing nations are endorsing a pledge by rich nations to slash budget deficits in half in three years.

The goal is outlined in a final statement from the G-20s Toronto summit.

Canadian Prime Minister Stephen Harper says it's imperative that G-20 countries get their "fiscal houses in order" as economic stimulus plans expire. He describes the switch from deficit spending to deficit reduction as a tightrope walk.

President Barack Obama has been cautioning his counterparts that cutting spending too quickly could stall the global recovery.

Meanwhile, police say more than 400 arrests have been made after black-clad demonstrators broke off from a crowd of peaceful protesters at the summit, torching four police cruisers and smashing windows.

The roving band wearing black balaclavas shattered shop windows for blocks, including at police headquarters, then shed some of their black clothes, revealing other garments, and continued to rampage through downtown Toronto.

Police used shields, clubs, tear gas and pepper spray to push back the rogue protesters who tried to head south toward the security fence surrounding the Group of 20 summit site.

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