Orszag: Must cut deficit without stifling economic growth

WASHINGTON Feb 1 (Reuters) - The Obama administration must reduce future deficits to avoid choking off the economy but not so quickly that it stifles growth, White House budget director Peter Orszag said on Monday.

"We don't want to act too rapidly to bring down the deficit because that would exacerbate the jobs deficit, and so we're trying to find this balanced approach in which we have a smooth glide path," Orszag told reporters after the release of the administration's budget plan. (Reporting by Matt Spetalnick)