Jacob J. Lew: “the policy of Dodd-Frank was very clear, that too-big-to-fail is an unacceptable policy and it had to end”

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

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.

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.

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