Janet Yellen: “Our response must be too.”

The most recent and optimistic estimate I’ve seen suggested that the average household will see on the order of $1,000 reduction in income.

We share the objective that you have which is to rid ourselves of dependence on China.

I do have concern about where we are going unless we undertake some significant steps to reduce the budget deficit.

There will be a negotiation over what to do when these tax cuts expire.