Politics & Government

February 8, 2011

Obama adviser: Spending cuts would hurt economic recovery

Cutting federal spending sharply now would be like saying, "'Well let's pull the rug out from under the recovery,'" White House chief economic adviser Austan Goolsbee said Tuesday. Goolsbee also said that the administration's fiscal 2012 budget to be released Monday will reduce deficits aggressively over several years.

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