March 5 (Bloomberg) — Treasury Secretary Jacob J. Lew called for measures to ensure prosperity is shared more evenly as the U.S. economy accelerates this year and the job market strengthens.
The economic expansion since the 2007-09 recession helped the U.S. narrow its fiscal deficit and reduce unemployment to the lowest level since October 2008, Lew said in written testimony to the Senate Finance Committee today.
Echoing requests announced yesterday in the Obama administration's 2015 budget proposal, he urged Congress to increase support for the unemployed, infrastructure such as roads and bridges, and simplifying the tax code.
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