I would appreciate the Chair letting me know when 4 minutes has expired. Let us put this debate in context. In 2010, we had a major election in the country. The people who were elected in the House made promises to their constituents: If…

Mr. President, how much time remains on our side? The PRESIDING OFFICER. There is 5\1/2\ minutes.

I thank the Chair. After 40 years, the evidence is in. The Congress is broken, and unless you change the system fundamentally, we are going to run our Nation into the ground. So I support a balanced budget amendment. Here is the way it…

Mr. Speaker, it was an honor to be here earlier with Congressman Ted Poe from Texas explaining about the Federal lands and how they could be developed to create jobs and opportunity. It is particularly fitting that the Speaker pro tem at…

If those margin rules for foreign operations are maintained and Europeans and other foreign jurisdictions do not match it, that would be a significant competitive disadvantage.

The main issues here are that we are going to have much tighter oversight and prudential regulations over so-called SIFIs.

So this is a matter of arithmetic. Fairly soon after that date there would have to be significant cuts in Social Security, Medicare, military pay, or some combination of those in order to avoid borrowing more money.

So just as a matter of arithmetic, fairly soon after that date there would have to be significant cuts in Social Security, Medicare, military pay or some combination of those in order to avoid borrowing more money.

Mr. Speaker, Republicans want deep spending cuts with no new revenues as the price of raising the debt limit. Some Republicans have downplayed the impact that defaulting on the national debt would have on our economy and our people, and…

Since the enactment of the Dodd-Frank Act, the Federal Reserve, both independently and in conjunction with other agencies, has made considerable progress toward adopting regulations designed to promote financial market stability…

You need more people to carry out more regulations, write more regulations, and to do just in general a better job of overseeing private sector activity.

In order to get rid of too-big-to-fail, we have to have 'fail.' We have to have a way for the biggest firms actually to fail.

I can't tell you how much I long for a discussion of ideas, an honest and open discussion of real ideas in this Chamber as opposed to talking points. Clearly, we're not going to be getting that here this evening. What we've heard so far is…

I want to thank the gentleman from Ohio for yielding and for his leadership on this and so many other issues. Mr. Speaker, the President says he wants to do a big deal. He says he wants to do something transformative. He wants to do…

``The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. Leadership means that the buck stops here. Instead, Washington is shifting the burden of bad choices today on to the backs of our…

I thank the gentleman from Ohio for that. Folks, reforms like a balanced budget amendment, coupled with spending caps and significant spending cuts, are the types of revolutionary reforms that can prevent our children and grandchildren…

I can tell you one thing that happened without any doubt, in my view, is that during the initial invasion of Iraq, people in the Pentagon were not listening as closely as they should about detainee operations.

I have had a chance to see in action on the ground judge advocates in Iraq and Afghanistan, doing things that didn't even exist 5 years ago.