March 5 (Bloomberg) — Treasury Secretary Jacob J. Lew called for measures to ensure prosperity is shared more evenly as the U.S. economy accelerates this year and the job market strengthens.
The economic expansion since the 2007-09 recession helped the U.S. narrow its fiscal deficit and reduce unemployment to the lowest level since October 2008, Lew said in written testimony to the Senate Finance Committee today.
Echoing requests announced yesterday in the Obama administration's 2015 budget proposal, he urged Congress to increase support for the unemployed, infrastructure such as roads and bridges, and simplifying the tax code.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.