U.S. Economic Policy
1994-02-04T20:45:07-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvZmExXC8xOTk0MDIwNDIwNDUzNzAwMV9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Treasury Secretary Lloyd Bentsen, Labor Secretary Robert Reich, and Chair of the Council of Economic Advisors Laura Tyson briefed the media today on efforts to reduce the deficit and create jobs. Secretary Bentsen stated that the Administration is about $65 billion ahead of projections on deficit reduction and has created approximately 1.9 million jobs since last January when the President took office. He indicated that the fundamentals for sustained economic growth are “very positive” and that business investment, corporate earnings, and consumer confidence have increased. The Secretary acknowledged that the Federal Reserve intends to raise short-term interest rates by a small amount. “We anticipate that would mean roughly a quarter of a point.” The Secretary stated that the Administration anticipated such an increase in its forecast. Secretary Reich discussed the significance of the Goals 2000 Bill, the School-To-Work Opportunities Act, and the Re-employment Bill.
Treasury Secretary Lloyd Bentsen, Labor Secretary Robert Reich, and Chair of the Council of Economic Advisors Laura Tyson briefed the media … read more
Treasury Secretary Lloyd Bentsen, Labor Secretary Robert Reich, and Chair of the Council of Economic Advisors Laura Tyson briefed the media today on efforts to reduce the deficit and create jobs. Secretary Bentsen stated that the Administration is about $65 billion ahead of projections on deficit reduction and has created approximately 1.9 million jobs since last January when the President took office. He indicated that the fundamentals for sustained economic growth are “very positive” and that business investment, corporate earnings, and consumer confidence have increased. The Secretary acknowledged that the Federal Reserve intends to raise short-term interest rates by a small amount. “We anticipate that would mean roughly a quarter of a point.” The Secretary stated that the Administration anticipated such an increase in its forecast. Secretary Reich discussed the significance of the Goals 2000 Bill, the School-To-Work Opportunities Act, and the Re-employment Bill. close
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