Video: Fox News’ Chris Wallace Rips into Treasury Secretary Jack Lew: ‘Your History is Wrong,’ Obama’s Refusal to Negotiate is ‘Unprecedented’
Photo Credit: YouTube ScreenshotBy Oliver Darcy.
Fox News’ Chris Wallace grilled Treasury Secretary Jack Lew on Sunday, repeatedly asking him questions regarding the president’s refusal to negotiate with Republicans in Congress over the budget.
“I know the direction is bad,” Lew said about what would happen if the U.S. government defaulted on its debt. “There is a range of how bad. It is irresponsible and it is reckless to take that chance.”
“Despite these stakes, the president is refusing to negotiate,” Wallace countered, noting presidents have negotiated with Congress in the past over a variety of topics. “What’s unprecedented is not Congress tying strings; what’s unprecedented is a president refusing to negotiate.”
“Frankly, I think your history is wrong,” Lew said.
“With all due respect, your history is wrong,” Wallace responded. “This has happened over and over again, and presidents have negotiated.”
Read more from this story HERE.
___________________________________________________________
Treasury Secretary Lew: Congress ‘Reckless’ if Debt Ceiling Not Raised
By Greg Richter.
Saying that the U.S. government is “just too important to the world,” Treasury Secretary Jack Lew urged Congress to raise the country’s debt ceiling by an Oct. 17 deadline because he has “run out of tricks” to keep it operating past that date.
Lew said it will be “dangerous” and “reckless” for Congress to pass an October deadline without raising the government’s borrowing limit.
Appearing on CNN’s “State of the Union” on Sunday, Lew said he has been using “extraordinary measures” to make room to borrow money since the United States hit its debt ceiling in May.
“I have no more,” Lew said he wrote in a letter to Congress last week. The government has $30 billion of cash on hand, but on any given day it can have a $50 billion-$60 billion positive or negative cash flow.
“It won’t last very long,” he said of the reserves.
Read more from this story HERE.

