Jacob J. Lew: “I believe it is a crisis. I believe there is a need for action immediately on restructuring authority and on oversight.”

Over the past 7 years under the President's leadership, we have seen a sustained economic recovery and an unprecedented decline in the Federal budget deficit.

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 totally agree with you, we should be able to put more resources into working on identifying the sources of the tax gap.

The budget also makes critical investments in our domestic and national security priorities while adhering to the bipartisan budget agreement signed into law last fall.