Goolsbee Hints at Fiscal Focus in President's Budget
On Friday, Austan Goolsbee, the Chairman of the President's Council of Economic Advisors, gave some preliminary remarks on the Administration's priorities for the coming year. He signaled that the focus will be on "recovery and [to] raise the growth rate" by spurring job creation. He also indicated that fiscal policy will be given increased attention in the coming months.
“The long-run fiscal challenges facing the country remain there. We have known that. And when [the President] comes out with his budget, I don’t think there will be any question that he’s ready to make medium- to long-run fiscal consolidation.”
We look forward to seeing concrete steps in the President's budget to stabilize the debt.