Jacob J. Lew: “As I've said before, sequestration must be replaced as soon as possible.”

I believe it is a crisis. I believe there is a need for action immediately on restructuring authority and on oversight.

The immediate need is for Congress to pass legislation that will permit them to restructure their debt.

If the intellectual content and the innovation is in the United States, there is a substantial tax due in the United States when that money comes home.

We inherited what was an economy and a budget that was in complete meltdown.