U.S. NEWS & WORLD REPORT: 

The United States should think about eliminating corporate subsidies, including to energy companies, U.S. Deputy Treasury Secretary Wally Adeyemo said in New York on Monday.

Adeyemo defended President Joe Biden's budget proposal for fiscal 2024, noting that achieving fiscal sustainability would include modest tax increases, boosting tax revenue collections and finding other ways to cut costs.

"We want to be sure we have the money to pay for our priorities," he told the Economic Club of New York.


READ MORE: Treasury's Adeyemo Calls for Eliminating Subsidies, Including to Energy Companies