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Lew: Obama Budget Not 'starting Point' For Talks

President Barack Obama's budget plan for fiscal 2014 to be unveiled on Wednesday is not a "starting point" for negotiations with Republicans, Treasury Secretary Jack Lew said Tuesday. "We've had two years of intense back and forth and negotiation and I think some of early responses suggest that others may read it as a starting point and I would just caution them that that is a mistake," Lew said in an interview with National Public Radio. Lew said the Republicans won't be able to pick and choose things they like from the plan. "It is a package. It would be a mistake to think you could take it apart and still have bipartisan support," Lew said. The Obama plan includes higher taxes and entitlement cuts. "The president's budget tomorrow will show we could reach agreement on a balanced approach that provides for short-term growth and job creation and long-term fiscal restraint," Lew said.Copyright © 2013 MarketWatch, Inc....

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