WASHINGTON (AP) — Treasury Secretary Timothy Geithner says deficits are definitely too high, but the priorities right now are restoring economic growth and creating jobs.
Geithner tells NBC's Meet the Press that deficits will have to be reduced as growth recovers.
Asked whether taxes will be raised, Geithner says President Barack Obama is going to have to make some hard choices and doesn't want to add to the burden of people making less than $250,000 a year.
Geithner says the administration is not at the point where it has to decide how it will reduce deficits because it's still focused on helping the economy recover and grow.
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