John Spratt: “The gentleman has 2 minutes remaining on his original allocation of time? The Acting CHAIRMAN. It has returned to the…”

We convene today to review the state of our economy, a dismal state, and its interaction with the budget.

an approach which relies on giveaways instead of relying upon auctions would, represent the largest corporate welfare program that has ever been enacted in the history of the United States.

I ask unanimous consent that before concluding that members who did not have an opportunity to ask questions of our witness be given 7 days to submit questions for the record.

Mr. Garrett. I thank the chairman and I thank the witness, Dr. Romer, for being here today.