Jacob J. Lew: “It is critical, I believe, because the debt that we are facing and the interest payments on the debt--the CBO Director…”

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.

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.

We can't just cut the things that we need to grow in order to reduce the deficit more in the short run.

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