GSE Model Burdened Taxpayers With Billions, Says FHFA Director

Acting Director of the Federal Housing Finance Administration and Fannie Mae/Freddie Mac conservator, Edward DeMarco, criticizes the Government Sponsored Enterprise model for leaving tax payers with a multi billion dollar burden. (0:30)

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Commission Should Keep 'Paws Off' Social Security, Says Lawmaker

House Judiciary Committee Chairman John Conyers (D-Mich.) discusses the role the Deficit Reduction Commission should take when dealing with the national debt and social security.

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Debt Is Greatest Threat To U.S., Says Ben Nelson

Sen. Ben Nelson (D-NE) quotes Admiral Mike Mullen’s statement that the greatest threat to America is not terrorism or a foreign enemy, but the debt this country faces. (0:29)

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U.S. Must Act To Solve Debt Crisis Says Senate Democrat

Sen. Kent Conrad (D-N.D.) says Wednesday during a press conference that CBO projections show that not acting to solve federal debt problems is not an option. (0:12)

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Debt Crisis Could Lead To Decline Of U.S. Power Says Senate Democrat

Sen. Kent Conrad (D-N.D.) says on Wednesday that the U.S. must balance the federal budget to prevent a weakening of American power. (0:16)
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House Republican Asks: Is It A Good Idea To Be Indebted To Countries Like Saudi Arabia?

Rep. Frank Wolf (R-Va.) during Senate Financial Services Committee hearing Tuesday asks "Is it really such a good idea to be so indebted to countries like Saudi Arabia, the home of the 9/11 terrorists?” (0:19)

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$400 billion borrowed from China

Congressman Xavier Becerra (D-CA) supporting Democratic budget measures says that new development can't happen if the United States continues to borrow money from China. (0:38)
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