Carolyn Maloney

It seems to be a lesson in mismanagement.

Dr. Furman, when I asked you last year at this time whether this recession was like a 'common cold.' You said--rightly--that it was more like an economic heart attack.

The unemployment rate has been cut in half.

Let's remember, when George Bush left the Oval Office, the economy was in a death spiral.

I share the overall assessment of the Economic Report of the President that under the leadership of President Obama the Nation's economy is back on track after what was the worst recession since the Great Depression.

When George Bush left the oval office, the economy was in a death spiral.

There are some who disparage these achievements, claiming that the Obama recovery pales in comparison to 'average' recoveries--as if the economic meltdown during the last years of the Bush Administration was an 'average' recession.

Thanks to the bold action of President Obama, Democrats in Congress and the Federal Reserve, we have steadily climbed back from this recession.

I want to compliment and applaud Chairman Duffy. He is the only Republican, that I am aware of, who has tried to confront this problem and come forward with constructive solutions.

There is absolutely no justification, in any way, shape, or form, for excluding Puerto Rico from Chapter 9.

We faced a similar crisis with the auto industry in our country, out in Michigan.

According to a report by the U.S. Congress Joint Economic Committee, spearheaded by U.S. Representative Carolyn Maloney in 2015, our New York Fashion Week alone generates $887M in economic impact locally per year.

I feel that there is a little bit of an unequal treatment, and I think we should not have unequal treatment.

This was not a failure of an IRS information system, but just the failure of a singular piece of mechanical equipment.

How do you justify these price increases, particularly on drugs that are the sole source of treatment?

I tell you, I don't even think this is a hearing. This is a scandal, an absolute abuse of power, abuse of the pharmaceutical industry.

Increasing revenue and profits was their strategy, regardless of cost and impact. It is a terrible example of American business, and, I would say, the American people are tired of paying the price for it.

You say, very blithely, that this is going to be covered by health care or Medicaid or Medicare or whatever. That comes from the American taxpayer.

I think all these contracts should not be sole source. They should go to the lowest-qualified bidder.

I think we should change the law, that you go to the lowest-qualified bidder.

I want to publicly thank all of the Members of Congress that are remembering 9/11 by including it in the omnibus which we will be voting on tomorrow.

This progress is in no small part due to bold actions by the non-partisan, non-political Federal Reserve.

The economy continues to recover, the overall unemployment rate has been cut in half.

Most Millennials will need a college degree to come close to matching that success.

I thank the chairman for holding this important hearing, and I welcome Chair White.