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Brown to meet Bush at White House Brown to meet Bush at White House
(about 1 hour later)
Gordon Brown is to hold talks later with President Bush at the White House about the global financial crisis.Gordon Brown is to hold talks later with President Bush at the White House about the global financial crisis.
Mr Brown will speak to the UN General Assembly in New York before heading to Washington for the meeting at 1620 local time (2120 BST).Mr Brown will speak to the UN General Assembly in New York before heading to Washington for the meeting at 1620 local time (2120 BST).
US political leaders are continuing talks on a $700bn (£380bn) bail-out plan to revive the finance sector.US political leaders are continuing talks on a $700bn (£380bn) bail-out plan to revive the finance sector.
On Thursday, the PM urged leaders not to use the crisis as an excuse to abandon efforts against global poverty. Other issues on the agenda are thought to include Iraq, Afghanistan and the situation in Georgia.
On Thursday, the Mr Brown urged world leaders not to use the financial crisis as an excuse to abandon efforts against global poverty.
Desire for stabilityDesire for stability
Mr Brown, who is in the US with other world leaders for a UN development summit, has offered support for the US financial rescue package. Mr Brown, who is in the US for a UN development summit, has offered support for the US financial rescue package.
Mr Bush has proposed the US government take on the debts of struggling financial firms in an an attempt to keep them afloat and also prevent a recession.Mr Bush has proposed the US government take on the debts of struggling financial firms in an an attempt to keep them afloat and also prevent a recession.
Gordon Brown, like presidential contender John McCain, is desperate to place himself at the centre of events Nick RobinsonBBC political editor Read Nick's blog in fullGordon Brown, like presidential contender John McCain, is desperate to place himself at the centre of events Nick RobinsonBBC political editor Read Nick's blog in full
The prime minister told the BBC that quick action was needed to stabilise the economic situation and said longer-term reforms to the world's financial system were also needed. The prime minister said quick action was needed to stabilise the economic situation and said longer-term reforms to the world's financial system were also needed.
"While the problem comes out of America it has consequences for all of us and every family will want to know that we are doing everything in our power to ensure that there is stability," he said.
Mr Brown held meetings with Tim Geithner, president of the Federal Reserve Bank of New York, and a number of Wall Street asset management chiefs.Mr Brown held meetings with Tim Geithner, president of the Federal Reserve Bank of New York, and a number of Wall Street asset management chiefs.
He also addressed the UN on the efforts to meet the Millennium Development Goals to reduce poverty and improving education and health care in the developing world by 2015.He also addressed the UN on the efforts to meet the Millennium Development Goals to reduce poverty and improving education and health care in the developing world by 2015.
Along with Microsoft boss Bill Gates, Mr Brown later announced a new $3bn drive to eradicate deaths from malaria.Along with Microsoft boss Bill Gates, Mr Brown later announced a new $3bn drive to eradicate deaths from malaria.
He said in total another $16bn had been committed to the Millennium Development Goals at the summit.