U.S. has room to fight any future downturn with spending: Furman
WASHINGTON (Reuters) - The White House's top economic adviser, Jason Furman, said on Tuesday that the United States has ample capacity to boost spending to cushion any future economic downturn. Furman, at a news conference on President Barack Obama's final budget proposal, said that gross domestic product growth may be slowing somewhat, but that is being offset in a fiscal context by lower unemployment and lower-than-expected interest rates, and a continued decline in healthcare costs. ...
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