Speaking on NBC’s Meet the Press programme, Lew said he was confident the economy, which he described as resilient, would recover from the 16-day partial shutdown of the federal government.
He described events leading to the shutdown, which eroded both business and consumer confidence, as a political crisis rather than an economic one.
“We know that from the shutdown, there was a loss of economic activity,” Lew said. “We need to make sure that government does not go through another round of brinkmanship. This can never happen again.”
A last minute deal in congress last week pulled the country from the edge of an unprecedented debt default.