Richard Shelby: “The Basel framework has spawned startling degrees of complexity and an over-reliance on probably unreliable models.”

Regrettably, this was all predictable and avoidable.

A complex and evolving security environment requires a serious commitment to our national defense.

The Department of Navy has played and will continue to play a critical role in the defense of our Nation.

We have got to get our arms, one, around the inflation first, and then try to boost our defense capabilities in a dangerous world.