Jacob J. Lew: “I think there has been a balance between fiscal and monetary policy that has worked very well.”

I think that one of the reasons tax reform is so hard to do is that it does impose burdens to close loopholes.

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

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.

And, most important, TPA makes very clear Congress has the final say.