G20 agrees to cut deficits in half by 2013: Merkel

TORONTO: The most industrialized members of the G20 will agree on Sunday to strive to cut their deficits in half between now and 2013, German Chancellor Angela Merkel told reporters.

"This will be part of the final document," Merkel said, as she and her fellow leaders arrived at the G20 summit venue in downtown Toronto for their second and final day of talks.