The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The deficit came in for fiscal year '05 at considerably below where it was the prior year.
More Quotes from John W. Snow:
And one of our points of continuing conversation with our trading partners is the urgency of their taking steps to remove barriers to their improved growth performance.John W. Snow
Telecom is a dramatic success in India and our view is, respecting the political process, and respecting the fact that these are sovereign decisions, is that, approaching India as a friend.
John W. Snow
And our big theme has been, you have made so much progress, we urge you on with the openings and market openings that have occurred. They clearly work and continuing on that path will produce further growth and further opportunities for the Indian people.
John W. Snow
We continue to have a strong dollar policy we continue to support the strong dollar policy. It's been our policy and will continue to be our policy.
John W. Snow
Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States.
John W. Snow
Well, such as opening up some sectors of banking, branch banking for instance. It isn't a legislative matter, it's a matter for administrative action.
John W. Snow
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