Obama will try to undo spending cuts, Lew says

10/21/2013 | NBC News

President Barack Obama will keep looking for a way to reverse or reduce spending cuts in the Budget Control Act of 2011, Treasury Secretary Jack Lew says. "There's no question that the deep spending cuts that are part of sequestration are holding back the economy," Lew said on "Meet the Press." "The president's made clear that we think you should replace some of the sequestration cuts with sensible balance, entitlement and tax reforms that put us in the right direction for the future."

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