G-7 fixes

G-7 finance ministers and central bankers pledged yesterday at a meeting in Iqaluit, Can ada, to press ahead with economic-stimulus mea sures even as investors in tensify their focus on mounting budget deficits. Governments face a di lemma as they seek to for tify recoveries from last year’s recession when ris ing sovereign-debt bur dens are being punished by investors, threatening economic expansion.

Read my lips

Treasury Secretary Tim Geithner said the US is in no danger of losing its tri ple-A debt rating even though the administration predicts a $1.6 trillion bud get deficit in 2010. “Abso lutely not,” Geithner said, when asked in an ABC News interview broadcast yesterday whether a downgrade is a concern.

Slowdown

President Obama is hit ting the brakes on the Treasury’s fast pace of auctioning bonds for new cash. The administration is restricting the amount of notes and bonds in this week’s auction to $81 bil lion, unchanged from the prior auction.

Cheaper gas

The average price of regular gas in the US dipped 5.76 cents over a two-week period to $2.67, according to a study.