Jacob J. Lew: “I think that our fiscal policy reaching the kinds of deficit reduction that we proposed would help the economy.”

If the intellectual content and the innovation is in the United States, there is a substantial tax due in the United States when that money comes home.

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

I believe that the letter states correctly that, having over the last week raised this issue with 10 of the 11 negotiating partners, the reason they are willing to have a conversation on currency, in part, is because of the firm knowledge…

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