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Sharply cutting budget deficits has been the priority hence the tax rises and spending cuts.
"The I.M.F. has traditionally said cutting budget deficits is the solution to problems," Mr. Summers says.
Reform means many things, of course, from cutting budget deficits to improving education.
The EU urges all to protect themselves by cutting budget deficits.
Will he see an income tax cutting Budget, at time of soaring housing/consumer boom?
In the 1990s he advocated "stimulative austerity"—boosting growth by cutting budget deficits and thus interest rates.
Similar(35)
Legislatures are cutting budgets.
Are there clients cutting budgets?
The Metropolitan Opera is cutting budgets and wages.
I haven't seen clients cutting budgets.
Even profitable old-economy companies are cutting budgets.
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