Summers: Return to fiscal health crucial for U.S.

WASHINGTON, Dec 13 (BestGrowthStock) – Outgoing White House
economic adviser Larry Summers said that while getting the U.S.
recovery back on track was the immediate priority, it was also
crucial to restore the country to fiscal health in the longer
term.

Summers, speaking to the Economic Policy Institute think
tank, said deficit spending was a tax on the U.S. future and
praised the work of a panel that recommended ways to tackle the
U.S. budget deficit.
(Reporting by Caren Bohan)

Summers: Return to fiscal health crucial for U.S.