Could you outline for the Committee, briefly, the specific quantitative measures used to determine the minimum level of interconnectedness for both bank and nonbank SIFIs and the difference between the two standards?
Shelby requests details on measures for financial interconnectedness.
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I am pleased this afternoon to commend Mr. Francisco J. Collazo of Grant, AL, for his contributions to our great country and to the State of Alabama. Born in 1931 in Puerto Rico, Mr. Collazo joined the Army at 15 years of age. He had an…
We have got to get our arms, one, around the inflation first, and then try to boost our defense capabilities in a dangerous world.
With inflation at the highest levels we've seen in 40 years, the request represents a cut from the 2022 level.
In a fiscal environment with 8.5 percent inflation, the Department's budget request equates to a cut to our national defense at a time of unprecedented security risks.
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