Economics

Obama’s Budget to ‘Cut What We Can’t Afford,’ Lew Writes in NYT

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President Barack Obama will send Congress a “tough choices” budget next week that would cut some of his own programs in the environment, community development and services for the poor to rein in the deficit, White House budget director Jacob Lew said.

“Make no mistake: this will not be easy,” Lew wrote in an op-ed piece published in yesterday’s New York Times. “We have to cut what we cannot afford.”