Paul S. Sarbanes: “Thank you very much, Chairman Fitzgerald, Ranking Member Akaka, and Senator Lautenberg. It is a pleasure to be here…”

I think a Secretary who adopts a unilateralist approach in the international environment may miss important opportunities to prevent conflicts and to build alliances.

put us on the glide path to dissipate this hard-earned fiscal restraint.

There has been an incredible deterioration in recent years in the U.S. trade deficit.

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.