President Biden has made absolutely clear that he opposes increasing taxes on people earning less than $400,000.

I think it is appropriate to do that.

He will oppose any tax increases on families earning under $400,000 at the same time that he will oppose keeping in place benefits that went to the wealthy.

President Biden has said he would oppose allowing tax cuts to expire for people making under $400,000.

I do have concern about where we are going unless we undertake some significant steps to reduce the budget deficit.

In 2034, under our budget, I believe it would be around 45 trillion.

The U.S. is prepared to use sanctions and other tools at their disposal to try to disrupt Iran's destabilizing activity in the region.

I will never forget it. I was involved in it, and we did everything we could to put together a package of measures that would stop what could have become a run on the banking system.

I think what we found during that time was that implementing strong capital, liquidity, and risk management rules led to a stronger banking system.

We have not in any way relaxed our sanctions on Iranian oil.

The price cap on Russian oil has significantly reduced Russian revenue over the last 10 months.