Paul S. Sarbanes: “the United States Department of Housing and Urban Development (HUD) established the Baltimore City Flipping and…”

This deficit requires us Americans to borrow about $2 billion from foreigners every working day. No expert I know believes that this is sustainable.

This was a decision by the Bank of Japan, the Government, not by private Japanese investors about the strength of the American economy.

I cannot tell you how excited I am about her nomination to become the Librarian of Congress.

I am pleased to welcome Chairman Greenspan back before our Committee to testify on the Federal Reserve's Semi-Annual Monetary Policy Report to Congress.