Carl Levin

I think we do have a hope of getting a postal reform bill done again this year.

I could not disagree more. Sequestration is arbitrary and irrational.

I believe, as you do, that it is incumbent on Congress and the executive branch to work together to avoid sequestration.

The only reason to keep it redacted and classified, frankly, is to protect an administration.

Our statement--that of the Chairman and myself--is that that statement is wrong.

We went to war based on allegations that there was a relationship between Iraq and the attackers.

You've said publicly that you believe waterboarding is inconsistent with American values; it's something that should be prohibited, and it goes beyond the bounds of what a civilized society should employ.

Waterboarding is something that never should have been employed, and, as far as I'm concerned, never will be, if I have anything to do with it.

There's an effort being made to weaken this provision.

Senator McCain and I sent a letter to the President urging him to work with NATO and our regional partners.

Iran's activities are malevolent and intended to be destabilizing.

It is important that the words be transcribed so they can be made part of the record.

Senator Levin... created in this bill is a three-year pilot project to provide direct loans.

So when JPMorgan was holding at least $17.4 billion in physical commodities, equal to nearly 12 percent of its Tier 1 capital, how could JPMorgan claim that it met its commitment to keep 'the amount of physical commodities that it holds at…

Millions of American workers and their pension funds have long put their savings into the U.S. capital markets in hopes of a better retirement and better future.

Loss of tax revenue is a key cause of the problem. Shifting of profits offshore by multinational corporations is a major contributor to that problem.

The bottom line, though, is not complex. We have a fiscal crisis in this country.

Isn't the whole point of an accounting standard to reflect accurate financial results and to prevent management of earnings?

Is it appropriate to use it as a tool to manage earnings?

Can't you give some guidance, though, to people?

You are not in a position to tell us what the policy is of the Treasury Department, I gather.

We have to do something about it.

But the absence of an accounting standard to guide people, is not troubling to you when your job is to put out standards?

If any company can get away with having an effective repatriation of money overseas--without paying taxes, in other words--it is effective repatriation.

If check the box were eliminated, there would be more taxation under Subpart F.