Paul S. Sarbanes: “Do you have enough resources to do what you have to do?”

In my view, this is a very shortsighted approach, both as a matter of policy and negotiating tactics.

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

I think you are just not coming to grips with the problem in my perception.

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.