• Predicts that the US will hit the debt ceiling at some point
  • The threat of a debt default shouldn’t be a negotiating tool
  • Lengthening of maturities in recent years is a good thing
  • US aims to sustain deep liquid markets
  • US has made big progress in restoring fiscal balance, time to deal with long term fiscal challenges
  • US needs to rebuild infrastructure
  • Fannie Mae and Freddie Mac in crisis would still pose tax payer risk
  • Wants incentives for investing in the US

He’s answering questions after a speech on cyber attacks in which he says that US cyber security falls short and he wants companies to disclose more security breaches and work more closely with the US government Cyber attacks pose potential for broad economic damage he adds