Shaun Donovan: “At a time when there is too much discussion of a lack of bipartisanship, this is a bipartisan effort that I think could…”

It would be a cruel irony if homeowners have the ability to stay in their homes because of a principal reduction...

I think we can continue to revise those. What I do not think is acceptable is to say we are simply not going to try to make progress here.

I would never believe that the private sector, left to its own devices, is the best possible solution. I am in Government because of the role of Government in setting rules and working in partnership with the private sector.

We cannot afford a return to mindless austerity.