I believe it has been so for 27 of the past 29 months.

I think if the SEC and the CFTC don't harmonize their rules, just to give you a real-world experience, you could have a credit default swap desk in our corporate area, where a single broker who brokers both credit default swaps and indices…

I guess the question I have is that there still appears to be so much lack of specificity and certainty within a lot of the community financial institutions I speak to.

I do think it is important from one perspective. According to the job creators I speak to... you are unlikely to create too many jobs.

But, Mr. Secretary, if I could, I am really curious, because I haven't seen the estimates of these outside economists, if you would be able to share them with me.

I appreciate your testimony.

What I do believe we will hear from each of our witnesses is that America at least does indeed face a legitimate debt crisis.

The purpose of today's hearing is to really highlight the unsustainable nature of our Nation's debt.

In last week's testimony regarding the drivers of our structural debt, we heard Congressional Budget Office Director Doug Elmendorf say that, although government revenues are certainly temporarily down, he expects them to again reach their…

The major driver of our long-term liabilities, everybody here knows, is Medicare and Medicaid and our healthcare spending. Nothing comes close.

My children will likely put more money into Social Security than they take out--at best, generational unfairness; at worst, a form of generational theft.