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Here before i take your questions. Yesterday, secretary of the treasury donald regan sent to the congress a request to raise the debt ceiling to 985 billion. This represents a dramatic jump of 50 billion over the previous debt ceiling. The administration took this action with great regret because its clear that the massive deficits our government runs is one of the root causes of our profound economic problems. And for too many years, this process has come too easily for us. Weve lived beyond our means and then financed our extravagance on the backs of the American People. The clear message i ...

I have a brief Opening Statement here before i take your questions. Yesterday, secretary of the treasury donald regan sent to the congress a request to raise the debt ceiling to 985 billion. This represents a dramatic jump of 50 billion over the previous debt ceiling. The administration took this action with great regret because its clear that the massive deficits our government runs is one of the root causes of our profound economic problems. And for too many years, this process has come too easily for us. Weve lived beyond our means and then financed our extravagance on the backs of the Amer...

Through the webex system. Thank you to staff guest and everyone else participating. Please call the first item. Thank you madam chair. The first order of business is item 1, roll call. Commissioner members please respond when i call your name. Commissioner aquino, present. Commissioner drew, present. Commissioner scott, present. Chair brackett, aye. All members of the commission are present. Madam chair, we have a quorum. Please note the commission has one vacant seat. The next order of business is item 2 announcements. A, the next regular meeting is scheduled tuesday october 17, 2023 at 1 p. ...

[inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. Before we began i now, i know speak for anyone here when i wish our Ranking Member a belated happy birthday yesterday. And lets have some cake later so lets celebrate. But late happy birthday. We appreciate serving with you. Thank you, commissioner werfel, for appearing before the ways and Means Committee a little earlier than usual this year. We have a lot to go over with use appreciate you answering the request of our members to come before the Committee Early this year. First, as ...

[inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. Before we began i now, i know speak for anyone here when i wish our Ranking Member a belated happy birthday yesterday. And lets have some cake later so lets celebrate. But late happy birthday. We appreciate serving with you. Thank you, commissioner werfel, for appearing before the ways and Means Committee a little earlier than usual this year. We have a lot to go over with use appreciate you answering the request of our members to come before the Committee Early this year. First, as ...