Paul S. Sarbanes: “Thank you very much, Mr. Chairman, I want to commend you for holding this hearing.”

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

In my view, it portrays clearly unacceptable practices on the part of a number of short-term lenders.

I have a very strong concern about the Administration's approach in trade negotiations on the capital controls issue.