The President's Budget is based on a belief that an agreement to achieve balanced deficit reduction is consistent with making--and fully paying for--targeted investments critical to continued economic growth and job creation.
Jacob Lew emphasizes the importance of balancing deficit reduction with investments for economic growth.
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More from Jacob J. Lew
I think right now, when you look at what our debt is, our deficit, annual deficit, is essentially interest on the debt.
We inherited what was an economy and a budget that was in complete meltdown.
We are seeing thousands of people leave Puerto Rico for the mainland, and they are American citizens.
The real goal is not to restructure the debt. The real goal is to get back to economic growth.