Fmr. Obama Treasury Secretary: Dems 'Going to Have to Accept' Spending Cuts They Might Find 'Challenging' to Raise Debt Ceiling

On Tuesday's broadcast of CNBC's "Squawk on the Street," Jack Lew, who served as Treasury Secretary during the Obama administration, stated that while he doesn't think there should have been spending changes tied to raising the debt ceiling, "Democrats are going to have to accept levels of spending reduction that might be challenging" as part of a deal to raise the debt ceiling.