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 that Congress has set it out now as something that is going to be a negotiating objective.
Lew emphasizes the importance of Congress setting currency as a negotiation objective.
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More from Jacob J. Lew
You find cases of tax avoidance, and we know when you find cases of tax avoidance, voluntary compliance goes up.
The budget also makes critical investments in our domestic and national security priorities while adhering to the bipartisan budget agreement signed into law last fall.
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.
The real goal is not to restructure the debt. The real goal is to get back to economic growth.