treasury secretary jack liu hit sunday show circuit with ultimatum for republicans if president obama do not get his way on the upcoming budget and debt ceiling battles, he will not negotiate. here is liu drawing the president's line in the sand, and kicking sand in the eyes of the g.o.p. >> president has made clear, he has told congress he will not sign a bill, if it fixes defense at expense of domestic spending, congress has it write bills that meet challenge. >> lew making his comments after washington post reports that top obama administration officials are pushing strategy that would lead to a government shut down if republicans continue to demand spending cuts and refusen to the sequester, and furthering administration stone call of irs targets of conservatives. fox news sunday host chris wallace asking lew if irs chief council, william wilkins had been questions by authorities yet. an office that reports to the treasury department. lew refused to answer the question, take a listen. >> somebody in treasury department ask william wilkins what he knew about this. >> chris, there i

treasury secretary jack liu hit sunday show circuit with ultimatum for republicans if president obama upcoming budget and debt ceiling battles, he will not negotiate. here is liu drawing the president's line in the sand, and kicking sand in the

bernanke in day two of his testimony on the hill was asked about comments made by treasury secretary jack liu at delivering alpha. lew told me in an interview if bernanke didn't end too big to fail, more should be done with tapering. >> if we end this year and we cannot say we have ended too big to fail, we're going to have to look at other options. >> now, senator elizabeth warren, the democrat from massachusetts who is big on these issues, calling for a revival of glass stiegel, asked bernanke about those comments. >> the timing, maybe i would take another year from now, but i said to you in another hearing that there is a strategy, dodd/fradod dodd-frank lays out a strategy. but if those things do not make us comfortable about the status of these largest firms, yes, i do think additional steps would be appropriate. >> not out of the woods yet. now, on monetary policy, senator chuck schumer, democrat from new york, if he didn't exist we would have to invent him, because he went right after bernanke on the issue of will the fed taper in september? >> the june meeting was only a few weeks ago