Orszag: Administration Looking at Ways to Cut Deficit

Nov 3rd, 2009 - Wall Street Journal

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Orszag: Administration Looking at Ways to Cut Deficit

Without providing much in the way of specifics, White House Budget Director Peter Orszag Tuesday said the Obama administration is currently mulling several measures to put the economy on a sustainable, fiscal path.

Orszag warned the deficit issue is a pressing one because at some point, there could be a rise in interest rates or a boost in borrowing from abroad that puts the health of the U.S. economy in jeopardy.

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