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(CNSNews.com) - Plugging a "truly balanced approach to our fiscal challenges," White House spokesman Jay Carney on Tuesday said President Obama does not view the issue of deficits and debt in a vacuum:
"He does not believe that reducing deficits and debt are values unto themselves. He believes that they are part of an approach that is driven by his number-one priority, which is economic growth and job creation."
Also on Tuesday, the Treasury Department announced a $120-billion deficit for October, the first month of fiscal 2013. That puts the nation on track to its fifth straight trillion-dollar-plus deficit.
