Elizabeth Warren

I would force 'excellence or out.' Every 2 years, you are recompeting for a position you are in.

Can I just ask? I know we are over, but I just want to ask on this, just probe just a little bit.

It is not that we make it permanent. It is that we open up the possibility that you can do it and you can make it permanent if you choose to make it permanent.

I believe that if we make them permanent and if we make this an established part of the way the career pattern works with the help of our military leadership, we can really build some more flexibility.

I would consider giving the Department somewhat broader authority for special compensation for officer communities.

I worry that the Pentagon is just not set up either to be able to help guide careers or to be able to attract people.

We must have been doing something right.

These wrong predictions are not outliers for you. They have been part of your overall approach to monetary policy.

Even if the Fed did succeed in the Herculean task for getting the unemployment rate down to 7 percent, we could never be sure that the unemployment rate was below what we call the 'natural rate,' in which case it would give rise to a…

The Fed needs to restore positive real short-term interest rates fairly soon.

So this really worries me. You are telling me it is a market that only works if the Federal Government makes the investment and that the yearly appropriations process is not working in this field.

That is a pretty significant shortfall.

So let us talk about that sustained investment.

The idea was to accelerate development of medical countermeasures by investing in biomedical research.

These are the investments that we have to make in our Nation's preparedness and our response capabilities if we are going to be ready when an emergency strikes.

When a public health emergency hits, the headlines are all about what is happening on a minute by minute, hour by hour basis.

I think it is important to stand up to unfair commercial practices that harm our economy and threaten our national security.

I think low-income students would be better off if we gave them a bigger Pell Grant, even if they paid a little more interest down the road.

But some Senators have proposed scrapping that program as part of simplification.

If you get rid of the plans with the best terms for students, then will the students actually be worse off?

Okay. So too many repayment plans, too much money for private student loan servicers who don't help students navigate these plans, and too hard for people to stay in the best repayment plans.

So the loan companies' incentives are not the same as the students' incentives?

So the Federal--under the current system, the Federal Government pays private student loan companies like Navient, hundreds of millions of dollars a year to help borrowers navigate all those complicated repayment plans and to pick out the…

So I think we should run our student aid programs with two goals in mind.

If we want to stop money laundering, these giant banks really need to feel the penalties.