President Clinton Holds News Conference

March 7, 1997

CLINTON: Good afternoon, ladies and gentlemen.

Today we learned some very good news about the American economy. Our nation has created almost 600,000 new jobs in the first two months of 1997, almost 12 million since January of 1992.

At the same time, the deficit has been reduced by 63 percent. Investment in our people has increased. Inflation remains low. Our economy is on the right track.

But to stay on that right track, we have to balance the budget while we go forward with the work that leads to continued growth and low inflation.

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