Treasury Secretary Jack Lew did a tour of four major Sunday shows this morning, hitting up NBC's Meet the Press, Fox News Sunday, ABC's This Week and CNN's State of the Union all in one weekend. Obviously Lew touched on a lot over the course of the morning, so we've boiled down his most important points here:
- On a potential looming Debt Limit fight
Lew said there won't be a fight over the debt limit this time. "Congress can't let us default. Congress has to do its work," Lew said on This Week. He explained that the President has been "crystal clear" that there won't be negotiations for spending cuts with Congress over the spending limit. "I certainly hope that Congress isn't looking to create confrontations and false crises because we did see, in 2011, how bad that is for the American economy," Lew said. "The mere fact of negotiating over the debt limit, after 2011, would introduce this notion that somehow there's a question about whether or not we're going to pay our bills, whether or not we're going to protect the full faith and credit of the United States." There have been rumblings that a group of Senators are working to fix cuts caused by the Sequester, but Lew explained on Meet the Press there are limitations to what they can and can't fix: "What the president said, and has written to Congress, is that they cannot fix the problems created by the across-the-board cuts -- known as sequestration -- by cutting domestic priorities in order to fund defense. That's unacceptable," he said. "[The President] won't sign that."
- On Detroit