I view the two challenges as interconnected, and believe that Russia and China are working in concert to reshape the international order to our disadvantage.
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I remember in 2008 when it was raised from $100,000 to $250,000 during that financial crisis. Now, some of our colleagues, including Senator Elizabeth Warren, has recommended that we raise up to $2 million or even up to $10 million.
Well, I want to switch to relate it by different topics. But to me, it creates a situation where you are rewarding very wealthy depositors and you are creating the need for a special assessment that is going to be imposed on those…
There is no safer place in the U.S. banking system to put your deposits.
Families are also counting on us to raise the debt limit, without drama, without delay.
When our families are less financially secure, our Nation is less financially secure.
We have a responsibility to deliver for the American people by working together to draft and pass funding bills.
Thanks to the funding the Democrats passed, the IRS is now answering 90 percent of its phone calls.
This is a tragedy that affects each and every one of our States.
I think it has a profound impact in Asia, for example.
It goes way beyond doing the right thing from a moral or a humanitarian viewpoint. It is very much in our interest.
I view the two challenges as interconnected, and believe that Russia and China are working in concert to reshape the international order to our disadvantage.
That is what is concerning me. We may have already lost this battle in some sense.
I think determining the Chinese origin content of crucial parts of the electric system... is a hair-on-fire, urgent matter.
Do you believe that there are already sleeper cells in our grid? Have they already been penetrated by the Russians and perhaps by the Chinese that are waiting for exploitation?
I think we have to fix that because, you know, we can put all of our efforts into grid security... and then if the pipeline goes down, the power is off.
I care deeply about this subcommittee and the issues that you'll be handling.