Shaun Donovan: “we estimate that the 20 percent of kids growing up in poverty in this country costs us $0.5 trillion a year in lost…”

This is an urgent priority that we change the formula. And to be very frank, the formula simply doesn't make any sense anymore.

I can assure you that the American people will have a leader of integrity and intelligence in a critical job.

We all understand the impact the foreclosure crisis has had on homeowners, but the crisis hurt communities, too.

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.