Fiscal Policy and Budget Management

You're not gonna get back to a balanced budget by cutting $2 trillion out

of a $7 trillion budget overnight.

What you can do is you can cut smartly, but also grow

and get the economy in a position where that fiscal deficit is closer to 3%

of GDP. Now, yes, we've gotta make more progress, but if you

look at what Scott has done at the Treasury, I think that we are on pace to

get to a point where we can get the fiscal deficit to a sustainable level.

And then, of course, you get it to a sustainable level,

and you continue to make

progress from there. But it is certainly a very serious problem,

something that

we're very focused on. And I guess what I would say to,

to markets is, we've got a

Secretary of the Treasury, but also a president who

are very focused on the

problem, but it's gonna require a long-term

solution.