I think it would, but as Senator Corker pointed out, or Senator Vitter, the other part of this is we also want to make substantial progress on the long-term fiscal situation.

I think it is really a political issue as much as an economic issue.

It would be a self-inflicted wound, I would say.

I think they view this whole situation... as being a political issue and not an economic issue.

I would urge Congress to take every step possible to avoid defaulting on the debt or creating even any significant probability of defaulting on the debt.

not raising the ceiling could hurt the credit rating of the U.S. and damage financial markets.

if you put all your eggs in one basket, you better watch that basket.

I hope there will not be unnecessary delays and politically motivated blockages that prevent those qualified people from undertaking their duties.

I believe that the Financial Stability Oversight Council (FSOC) should designate any nonbank financial company if the FSOC determines that material financial distress at the nonbank financial company... could pose a threat to the financial…

The Act and its successful implementation will help ensure that our financial system becomes safer, stronger and, just as in the past century, the world leader.

I favor providing more information to the public and getting robust input and comment.

My best guess is that the stimulus increased employment.

It protects taxpayers from bailouts.

the regulatory system that was existing during the crisis was insufficient.

I cannot say with certainty, but I think there is good reason to be concerned about it.

It brings fairness and transparency to consumers of financial services.

The Dodd-Frank Act created the FSOC to identify and mitigate threats to the financial stability of the United States.

I think using the debt limit as a bargaining chip is quite risky.

It is absolutely critical that that happen and that we work through the broader set of fiscal issues.

It puts in place buffers and safeguards to reduce the chance that another generation will go through a crisis of similar magnitude.

...by centralizing and standardizing specific classes of financial transactions, clearinghouses reduce the costs and operational risks...

However, the flip side of the centralization of clearing and settlement activities in clearinghouses is the concentration of substantial financial and operational risk...

the Nation was on course for a cataclysm that could have rivaled or surpassed the Great Depression.

If you do not act in the next 2 weeks, we will have a global financial meltdown.

So, it's not trivial. That would wipe out all the job gains from last month.