Romer: Employment key to curbing deficit; refuses to speculate on jobless rate by fall
By APSunday, January 10, 2010
Romer: Employment key to curbing deficit
WASHINGTON — A top White House economic adviser says reducing the country’s 10 percent unemployment rate is essential to reining in the growing budget deficit.
At the same time, Christina Romer is declining to predict what the jobless rate will be this fall when members of Congress face re-election.
More jobs were lost last month after slight gains in November. Romer, who heads the president’s Council of Economic Advisers, says the Obama administration sees a “continuing pattern of moderating job loss.”
She was interviewed on CNN’s “State of the Union.”
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