Richard Shelby said...

With inflation at the highest levels we've seen in 40 years, the request represents a cut from the 2022 level.

As you know, the whole Defense request looks ludicrous to probably the majority of the House and the Senate.

In a fiscal environment with 8.5 percent inflation, the Department's budget request equates to a cut to our national def...

You have been critical of the use of economic theory and empirical data as the basis for financial regulation.