lew

Sen. Orrin Hatch (R.-Utah), the ranking member of the Senate Finance Committee, delivered a blistering statement directly to the face of Treasury Secretary Jacob Lew in a committee hearing this morning addressing the legal limit on the federal government’s debt.

Hatch told Lew that statements and arguments Lew has been making in defense of the administration’s position that it will not negotiate with Congress over the terms of increasing the debt limit were “not true” and “simply false.”

Hatch also noted that President Barack Obama had earned “four pinocchios” for a debt-limit-related claim and that Lew was involved in “an apparent effort to whip up uncertainty in the markets.”