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Jack Lew: The Europeans say we need to end spending cuts

Published on NewsOK Published: July 29, 2013

Joel Gehrke

International Monetary Fund chief Christine Lagarde regards recent U.S. spending cuts as “inappropriate,” and Treasury Secretary Jack Lew — the original author of the sequester — took her comments to heart.

“[I]f you look at the amount of deficit reduction we’re doing, we’re just criticized by the IMF for doing too much too soon, that we should do more later and less now,” Lew said on Fox News Sunday.

“In the international community — I just came back from meeting with finance ministers around the world — there’s I think a consensus in the world community that we need to focus on growth, that you cannot just cut your way to growth,” he said.

Click to read full article at Washington Examiner


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