Bush: G7 needs coordination

(01:57) Report

Oct. 11 - U.S. President Bush said the world's major economies will stand together and do what it takes to stem the global financial crisis

Bush hosted finance ministers form the Group of Seven major economies for a White House meeting to discuss the global financial crisis.

On Friday they vowed to take all necessary steps to stem the global crisis, but offered no specific collective course of action to avert a deep global recession.

Deborah Lutterbeck reports.

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