A US Treasury official`s assessment that Russian President Vladimir Putin is corrupt "best reflects the administration`s view," White House spokesman Josh Earnest told reporters at a daily briefing on Thursday.
The Kremlin on Tuesday dismissed comments by a US Treasury official alleging massive corruption by President Vladimir Putin, challenging Washington to provide proof for what amounted to an "official accusation".
The federal government uses a fiscal year that begins in October; on that basis, the 2014 fiscal year ended in September saw a deficit of USD 483 billion, the lowest of Barack Obama's presidency, it said.
Over the next two years, the Obama Administration would focus significantly on India-US economic and financial partnership and support the reform effort of the Indian government, a US official has said.
US Treasury Secretary Jacob Lew, in a meeting Wednesday with German Economy Minister Sigmar Gabriel, called on Germany to boost public spending to stimulate stuttering eurozone growth, the Treasury said.