Jacob J. Lew: “I think that one of the reasons tax reform is so hard to do is that it does impose burdens to close loopholes.”

When we took office, the projections were the debt was going to grow to over 100 percent of GDP.

This agreement demonstrates that we have the capacity to find common ground on difficult issues and lays a foundation for addressing some of our long-term challenges.

I don't think there is an urgent crisis. I don't think Americans should worry that their Social Security won't be there.

I think there are other things that need to be part of a comprehensive plan in the long run, but there is an immediate crisis in Puerto Rico.