Jacob J. Lew: “We think Pell grants are an enormously important program.”

The real goal is not to restructure the debt. The real goal is to get back to economic growth.

I mean, it is really an outrage when I look at these numbers, and I would like to know what the administration would propose to address this incredibly serious issue and really broken promises for folks who have worked hard all of their…

I believe it is a crisis. I believe there is a need for action immediately on restructuring authority and on oversight.

When we took office, the projections were the debt was going to grow to over 100 percent of GDP.