Had we chosen to repeat history, we would have allowed a government shutdown. Instead we decided to make history by implementing in the middle of this fiscal year substantial reductions in spending.

Let me thank my friend the Majority Leader and Speaker Boehner for their outstanding work during this difficult negotiation.

The President has asked us to raise the debt ceiling. And Senate Republicans and House Republicans and I hope many Democrats as well are going to say, Mr. President, in order to raise the debt ceiling, we need to do something significant…

I am actively working to defeat that budget.

I would just ask unanimous consent to put my opening statement in the record and look forward to the hearing.

New Mexico tribes and pueblos have contacted me expressing their support for the 8(a) program and for the participation of ANCs.

If a country is so belligerent and anti-American as Venezuela that is not going to allow us to inspect their security systems, I don't want a plane coming out of that country into the United States.

The Korean FTA brings economic benefits to each and every state in this union.

I have serious concerns about the current vacancies in both the FHA Commissioner and the Federal Housing Finance Agency Director positions.

Finally we are discussing a free trade agreement that is ready for congressional consideration right now, an FTA that will generate more than $10 billion in increasing U.S. exports, $11 billion in increased GDP, and as many as 277,000 new…

I'm supportive of that and hope that we can give more attention to the people that we think absolutely need attention.

If you have got it, send it. Let us move it.

Significantly lower than what?

I have grave concerns that with an implicit guarantee from the Federal Government, this agency could be the next big bailout waiting to happen.

People with substantial borrowing power should not make up such a substantial portion of the FHA loan portfolio.

Thank you, Chairman, just a couple of questions quickly. I know we're on a timeframe here, and I appreciate that.

I firmly believe that we should consider all of the three agreements by July 1st.

All three pending trade agreements are good agreements. The time to move forward with all three is now.