John McCain

Now, is Renaissance one of the most successful of all hedge funds because of this?

Well, thank you, Mr. Chairman, and one of the aspects of my term and tour here in the U.S.

A 1-percent audit rate for an increasingly large segment of our economy just invites the most aggressive behavior.

That is not exactly a deterrent to misbehavior.

But the question here is: Are they paying their taxes that would be appropriate for the transactions they are engaged in?

This is a hedge fund?

Are GPS version III satellites needed by our troops to fulfill a validated operational requirement for our combatant commanders to have protected and improved positioning technology?

Please describe in detail what steps remain for certification of new entrants, the expected dates for these steps to occur, and whether these steps are the primary responsibility of the government or of the new entrant.

Even though they have just completed a third successful launch. Is that right?

You have really diminished your stature with this committee when you decide whether people or organizations or companies should be able to sue or not

Actually, the Office of Management and Budget refers to cost savings as a reduction in actual expenditures. That has not occurred in the EELV program.

Facts are stubborn things.

What we are seeing here, Mr. Chairman, is a reduction in planned competition for whatever reasons.

NASA introduced launch competition into its processes by having two competing companies for the commercial audit transportation service contract.

If some company or corporation thinks that they are not being fairly treated, you do not think that they should be able to sue?

At least we know of one breach of Nunn-McCurdy, which is cost overruns of a dramatic and significant amount.

I believe it is also a challenge for this committee to think how to articulate American strategic purposes in Asia and toward India, as well as Japan and China.

I believe that is the point Senator McCain was driving this afternoon.

One of the big obstacles--problem areas that we have had--is on the nuclear issue with the Indians

But they are concerned about the situation in Afghanistan?

The Prime Minister of India, Prime Minister Modi, and Indian leaders are deeply concerned about President Obama's decision to fully withdraw United States troops from Afghanistan by January 2017 regardless of the conditions on the ground.

I look forward to the articulation of a strategy.

What is our overall strategy?

I am not exactly sure that that is a strategic agenda.

Senator McCain led a congressional delegation to New Delhi, where he met with Prime Minister Modi.