Richard Shelby: “The uncertainty created by the nearly 4-year conservatorships of Fannie Mae and Freddie Mac is just one such challenge.”

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

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

Deterrence requires spending our limited resources on both offensive and defensive weapons.

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