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Coming down. They havees taken a hit. Accompanied this shift for stocks, or the seeming sentiment. Shift in the bond market as well. We see the 10 year old right 2 . Nd six point as we see some money flight out of stocks. We are seeing a similar situation with bonds. This is the net change in yield for the 5, 10 year yield. Andtwo has seen the biggest the past four months. We have seen that 86 point change there. It has been much more moderate for the longer end of the curve. Now the 10 year is picking up with those changes. Gettingd stocks back to the stoxx for a moment. It has gone on the do...

Hold two hearings that focus on the two major pillars of our agenda. Tomorrow well hear from the Service Chiefs on repairing and rebuilding our military. Today, however, well concentrate on the other pillar, which is defense reform. Weve done a lot of reform over the past two years. That includes acquisition reform, a new military retirement system, major changes in military health care, commissary reform, a rewrite of the uniform code of military justice as well as significant organizational reform. While a lot has been done, however, a lot more needs to be done. The world around us is simply...

Weve done a lot of reform over the past two years, that includes acquisition reform, a new military retirement system, major changes in military healthcare, com satisfactory reform, reright of the military code of justice, as well as significant organization zational reform. While a lot has been done, a lot more needs to be done. The world around us is simply moving too fast for us to sit still and assume that the organizations and processes of the past will suffice for today and especially for tomorrow. Yes, we all have an obligation to see that taxpayers dollars are spent effectively, especi...

Weve done a lot of reform over the past two years, that includes acquisition reform, a new military retirement system, major changes in military healthcare, com satisfactory reform, reright of the military code of justice, as well as significant organization zational reform. While a lot has been done, a lot more needs to be done. The world around us is simply moving too fast for us to sit still and assume that the organizations and processes of the past will suffice for today and especially for tomorrow. Yes, we all have an obligation to see that taxpayers dollars are spent effectively, especi...

System. This is two and a half hours. Committee will come to order. This week the committee will hold two hearings that focus on the two major pillars of our agenda. Tomorrow we will hear from the Service Chiefs of repairing and rebuild the military. Today well concentrate on the other pillar which is defense reform. We have done a lot of reform over the past two years. That includes acquisition reform, a new mail tear retirement system, mayor changes in military health care, commissary reform, a rewrite of the uniform code of military justice as well as significant organizational reform. Whil...