the President proposed abolishing the formula and replacing it with a cap that is equal to the pay rate for the government's most senior executives.

I do not think we foresaw how sharply executive compensation would rise.

Minnesota is one of those States with the highest patent-intensive employment in the country.

Mr. President, we just passed the deadline for students to decide where they are going to college this fall. This is one of the biggest financial decisions students will ever make. Nationally, student loan debt is over $1 trillion. It is…

I remain convinced that this is a serious problem and think we need to be doing as much as possible to encourage companies to be aggressive about monitoring their systems to stop this type of theft.

We need to be doing everything we can to stop this, and I am pleased at your efforts to increase prosecution of these crimes.

I certainly strongly support a short-term extension if we need it, if we cannot do anything else before May 31st.

The more these Band-aid extensions we do, the less patience members have because they want reform, which is needed.

I am for it if we can only do that between now and May 31st, but I am also trying, as Jon and others are, for the full reauthorization.

we need to act in a longer-term way, not just another Band-aid, another short-term extension.

A lot of important improvements and reforms can be done administratively, but all of these very short-term extensions really get in the way of that.

I was on the floor talking about the absolute need to pass a long-term reauthorization now before May 31st.

we really, really need to act for the good of the country and the economy.

Its chairman and CEO Robert Murdoch, is, '... not fit to run an international company.'

I applaud the FCC for recognizing the need for the reform of the Fund.

Well, there are not many things that are easy to accomplish, and your structure of responsibilities. This one we ought to be able to get on with, and I look forward to hearing from you about where we stand with this.

Mr. Genachowski, I know that you are aware of the fact that News Corporation controls 27 local television stations in the United States.

the FCC plays a vital part as one of the guardians of our democracy.