Rivlin: We Cannot Afford To Wait For Economic Recovery To Tackle Future Deficits

Former White House budget chief Alice Rivlin explains that any job growth policy needs to simultaneously stabilize the nation’s debt in order to permanently improve the economy. (1:12)

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Financial Threat Second To Terror Attack, Says Lawmaker

Senator Judd Gregg (R-NH) says the financial situation in America is currently the nation’s second most imminent threat behind terrorist attacks. (0:12)

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Lew: No 'Silver Bullet' Policy To Revive Economy

Nominee for Director of the Office of Management and Budget explains that there is not one single policy that will totally bring the economy back. (0:20)

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Lew Is 'Superb' Choice For OMB Director, Says Lawmaker

Chairman of Senate Budget Committee Sen. Kent Conrad (D-ND) explains his support of the nomination of Jacob Lew for Director of the Office of Management and Budget.

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Senator Bernie Sanders (I-VT.) criticizes Wall Street executives

In a Senate Budget Committee hearing Senator Bernie Sanders (I-VT.) criticizes Wall Street executives for creating the economic crisis the U.S. is in. He states that the American people have lost their jobs while the CEO's of the largest institutions who caused this crisis still have theirs. Sanders questions Timothy F. Geithner whether or not these people in the financial institutions be let go and new leadership be brought in. (02:49)
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Sen. Graham: Geithner, "so you have no clue"

by Suzia Van Swol, University of New Mexico-Talk Radio News Service


Senator Lindsey Graham (R-S.C.) questions Secretary of Treasury Timothy F. Geithner at the Senate Budget Committee Hearing about how much money is going to be spent and if more money will be needed to fix housing, Geithner doesn't seem to have the answers. (2:26)
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Senator Lindsey Graham (R-S.C.) says people are running out of trust and patience

Senator Lindsey Graham (R-S.C.) at the Senate Budget Committee today asked witnesses Simon Johnson, professor at the Massachusetts, Brad Setser, fellow for geoeconomics and Tim Adams, managing director of The Lindsey Group, if they thought the first $350 billion bailout fund was spent wisely and Adams stated that the money should have been used for what it was supposed to be for. Graham agreed and said “People are running out of trust and patience with us up here.”

by Christina Lovato, University of New Mexico-Talk Radio News Service
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Senator Debbie Stabenow (D-Mich.) is all for the stimulus bill

Senator Debbie Stabenow (D-Mich.) in a Senate Budget Committee said that she favored the economic stimulus bill. “I think it’s important to say that the reality is our country, our government should have acted sooner on the issues in front of us…We have to do something different…I believe we need to act as quickly as possible to begin this because everyday the numbers get worse and worse and worse.”

by Christina Lovato, University of New Mexico-Talk Radio News Service
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Senator Bernie Sanders (I-VT) asks Treasury Secretary about Bush's plan to repeal estate tax law at Senate Budget Committee hearing on FY2009 budget

Senator Sanders says that repealing the estate tax will exclusively benefit the the top one-third of one percent of the wealthiest people in the U.S.
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Senator Jim Bunning (R-KY) talks about China at Senate Budget Committee hearing on FY2009 budget

At the hearing today, Bunning said that China is manipulating WTO rules and worries that the Treasury Department is doing nothing to enforce trade laws enacted by Congress
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Sen. Kent Conrad (D-ND) and Dr. Peter Orzsag, Director of CBO, Discuss Urgency of Health Care Spending Crisis at Budget Committee Hearing

Dr. Orszag reports on the potential for a severe crisis of health care spending and Chairman Conrad implores his fellow committee members to join him and Sen. Judd Gregg (R-NH) in taking bipartisan action to resolve it. (1:11)
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