Chris Van Hollen

The friendship knows no limits.

Do we have a break-the-glass plan?

We are pleased with the progress that has being made.

I am hoping that you would agree that all economists would agree that it is a bad idea to default on our debt.

I hope in the coming weeks we can have a sober conversation up here about the budget and deficits.

We are asking you to take a look at that when you do that.

The first act of the House under new leadership of Speaker McCarthy when they repealed the Inflation Reduction Act, according to CBO, that would increase the deficit relative to where we are today by $114 billion, right?

I really hope, Madam Secretary, that we won't do that.

Where the money is in uncollected taxes is in very wealthy, wealthy folks who are not paying their taxes on time, right?

Whether you make spending cuts, whether you make revenue increases, people can have a healthy disagreement on that front.

One quarter of the total accumulated national debt was incurred during the 4 years of the Trump Administration.

The President's budget reduces the deficit over the next 10 years by $3 trillion relative to if we did nothing.

During the 4 years of the Trump Administration, Congress passed the debt ceiling increase three times without a lot of drama.

I look forward to doing that and hopefully we can get it passed on a bipartisan basis and support accountability in the system.

I know President Biden has called upon Congress to change the law so that we can hold executives accountable.

There is one area where I think we can agree, I hope we can agree to move forward now on the issue of accountability.

I think your testimony underscored the depth and breadth of the responsibilities of the Department of Treasury.

The tax increases proposed in the President's budget would make American businesses less competitive.

Combating inflation remains a priority for me.

The problem with more government spending is it just redistributes private resources from one group to another.

I have reintroduced my Snoop Act, which would strike the Biden Administration's requirement that third party platforms report businesses gross transaction volumes.

We are on an unsustainable path for which the bill will ultimately come due.

The United States of America pays its bills on time.

I give you and the Biden Administration, the FDIC, and others, high marks for the way you responded quickly and decisively to the Silicon Valley Bank default.

We need to make sure our allies and partners are on board.