Kudlow says White House aware of the rising deficit, but economic 'growth solves a lot of problems'

Top White House Economic Advisor Larry Kudlow said while the administration needs to be tougher on spending, tax cuts should fix the issue.

"Growth solves a lot of problems," Kudlow at the Economic Club of New York on Monday.

Kudlow said he would much prefer if U.S. deficits were lower than the current 4 to 5 percent, and agreed with current Congressional Budget Offices estimates.

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