Wealth and Investing Center

GDP data shows need to resolve budget fight: White House

Related Topics

Related Video

WASHINGTON | Fri Jul 29, 2011 10:40am EDT

WASHINGTON (Reuters) - Soft data on economic growth underscores the need to both resolve the fight over raising the nation's debt limit and put in place measures to spur activity, a top White House adviser said on Friday.

"We are at a fragile moment in the world economy and cannot afford to do anything to undermine our recovery at a moment such as this," Austan Goolsbee, the head of the White House Council of Economic Advisers, said in a statement.

(Reporting by Tim Ahmann; Editing by James Dalgleish)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.