Let me thank you very much for your work, Secretary Lute, and I do want to thank my Chairman and Ranking Member, their timing is impeccable.

Over the last 24 hours we have heard the proclamations, or proclaiming of a cyber war, cyber threats of major proportion in the next 2 years.

I strongly believe that these efforts to repeal not only employer mandate, but the whole bill are misguided.

Instead of expanding coverage and lowering costs, the President's health care law has pushed greater costs onto the backs of consumers.

As a result of Obamacare, however, we are doing exactly the opposite.

I advocated and pushed forward the Affordable Care Act because I strongly believed that as health care costs were skyrocketing, American families and businesses simply couldn't continue to bear that weight.

But that should not be the goal of the--see, my point is that the goal is to make sure investors are aware of risks that they are taking, but that this is an investment that does carry some level of risk and that is OK.

I think that is important.

I think you and I share the view that taxpayers should not be at risk of bailing out a money market fund.

I make no secret about my view that the FSOC has put a lot of pressure, external pressure on the SEC.

This is going to lead to other questions about other departments.

We're very concerned about what happens to those students and the results that we hope for them as they focus on their careers and a job and contributing to our economy.

The Department's mismanagement of Job Corps could ultimately cost as many as 30,000 struggling youth the opportunity to better their future and potentially 10,000 staff jobs supporting these students.

I start today as well with three groups of Americans that I and I'm sure this entire room is most concerned about when it comes to Job Corps.

The President recently went on tour touting his plans to create a new middle-class jobs program. I think he needs to take a good look at Job Corps and existing ones like this program today.

serious weaknesses in Job Corps financial management processes.

It would be very helpful if we had some indication as to the origin of this specific problem.

We questioned whether the Government received the best value for $17.1 million in contracts issued by seven individual centers.