Jacob J. Lew: “We are in a new world where pensions are a smaller part for many people, which means that savings are going to have to…”

The real goal is not to restructure the debt. The real goal is to get back to economic growth.

The decision has never been made by the only people who can make the decision--that is the President of the United States on the advice of the Treasury Secretary--what to do.

The American people deserve to have an IRS with the resources so that, when you pick up the phone and call the IRS, there is a person at the other end to answer it.

I don't think defaulting on payments to veterans is any better than defaulting on payments to foreign bond holders.