Our Nation is facing a fiscal crisis of unprecedented proportions. We have a $14 trillion national debt, a $1.65 trillion annual spending deficit, and we borrow 42 cents for every dollar we spend. After years of borrowing and spending and…

I don't anticipate taking 20 minutes of time. I hope to be back on the Senate floor this afternoon talking about a related subject, but I do want to take the opportunity essentially to bring us back to the central problem we are facing in…

Madam President, I ask unanimous consent to speak to the Chamber for not to exceed 20 minutes. The ACTING PRESIDENT pro tempore. Without objection, it is so ordered.

Mr. President, I understand our leader, Senator McConnell, is asking we speak for no more than 10 minutes, but I ask unanimous consent that I be allowed to speak for 25 minutes. The ACTING PRESIDENT pro tempore. Is there objection? Without…

I thank the Acting President pro tempore. Mr. President, our debate today takes place in the context of deep economic uncertainty at home, coupled with extraordinary dangers overseas. Our country is suffering from high unemployment, with…

That is news to me. I ask unanimous consent for an additional 5 minutes. The PRESIDING OFFICER. Is there objection? Without objection, it is so ordered.

Mr. President, I have had the opportunity to listen to my colleagues from across the aisle and while my purpose is to address another subject, I do want to respond to what we have just heard from three Democratic Senators and a number of…

All right. Thank you, Mr. President. The second track for solutions are sanctions. We currently have the Sanctions Act in place. We want to impose an additional sanctions track. That is why I have sponsored and cosponsored this new act…

All right. I apologize. I did not know that. The PRESIDING OFFICER. Although consent has been given for larger blocks of time, and the Senator has just been given consent.

Mr. President, I will just try to see how I can wrap this up. I might ask, Mr. President, is there an order in place that I am not aware of? The PRESIDING OFFICER. The order is that the Senate is in morning business with 10 minutes to be…

Mr. President, I was not aware I had asked for 10 minutes. The PRESIDING OFFICER. The order is for 10 minutes.

As the Senator from Oregon has said, small business is hit particularly hard these days. Because many choose not to incorporate, there is a passthrough, a passthrough of taxation rates as if these small businesses were individuals. They…

Mr. President, I thank my friend from Oregon for helping to organize this colloquy. We have worked together to try to fashion a comprehensive tax reform package that we think makes a lot of sense. Just about every analyst or economist or…

Mr. President, I cannot help but agree with my friend. It is a sad situation that we have in this country as our economy is kind of limping along, and so many young people graduating from school recently are unable to find meaningful jobs…

Mr. President, as we discuss and debate the future of medical care for all citizens in our Nation, it is appropriate to take a few moments to salute heroes who make a truly life saving difference. June 3, 2011, was a very special day for…

I accept that fully. Having had the opportunity to work with Senator Feinstein on the Intelligence Committee, I do not hesitate for a second to accept her word and know she will keep it. It has been a pleasure to work with her on that…

Mr. President, today as ranking member of the Senate Foreign Relations Committee, I am pleased to welcome the President of Mongolia, His Excellency Tsakhiagiin Elbegdorj, a renowned promoter of democracy and a longtime friend of the United…

Well, Mr. President, if the Senator would yield. The PRESIDING OFFICER. The Senator from Indiana.