Deficit countries like the U.S. need to rely less on consumption, but surplus countries like China must increase their domestic demand, if the global economy is going to thrive.
Chuck Schumer
The Public Record
Chuck Schumer is an American politician serving as the senior United States senator from New York since 1999. A member of the Democratic Party, he has held the position of Senate Majority Leader since January 2021, making him one of the most prominent figures in the U.S. Senate. Schumer previously served in the U.S. House of Representatives from 1981 to 1999, representing New York's 9th congressional district. Throughout his career, he has focused on issues such as healthcare, infrastructure, and economic development, often advocating for policies that benefit working families and promote social justice.
Yes, but to just exempt small, nonfinancial companies does not make any sense, right?
I understand why some advocates would want to have a purely independent agency that would have this as the top priority.
The overwhelming consensus in New York, as you know, is that it should not be there, and I just strongly urge you to make sure that that does not happen and to find a better alternative.
I think we need all levels. The U.S. Attorney obviously, I have been--you know, our office has been in touch with his. But we need some Washington presence as well.
I appreciate your agreement to either you or a high official expert in this to come and help us.
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We need to be trading on an economically beneficial basis with partners like China.
I am concerned that we will discover that China is the one who is getting the U.S. stimulus dollars for this project.
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I think it is important that the American people know that the so-called stimulus funds to stimulate jobs in America... are actually stimulating jobs here.
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