Jacob J. Lew: “If the intellectual content and the innovation is in the United States, there is a substantial tax due in the United…”

I think right now, when you look at what our debt is, our deficit, annual deficit, is essentially interest on the debt.

I have been trying to deal with it as a crisis that we need to deal with on a bipartisan basis.

The fiscal year 2017 President's budget puts forward the building blocks of a social compact for the 21st century and creates the conditions for sustained economic growth.

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