The ongoing task of debt management for the federal government will clearly be very different in the years ahead than it has been in the past, when debt was rapidly increasing, ... With $3.6 trillion in debt outstanding, even a 3 basis point (0.03 percentage point) reduction in federal borrowing costs will ultimately produce savings of more than $1 billion per year.

The only distinctions which should be recognized are those of the soul, of strong principle, or incorruptible integrity, of usefulness, of cultivated intellect, of fidelity in seeking the truth.

The pleas entered today are admissions of guilt in one of the largest corporate accounting fraud schemes on record. This apparent but ephemeral performance by the company propped up its stock price, causing investors to suffer untold losses when the scheme collapsed.

The people who draw up the plans should be able to execute the plans. Now we have one office taking in grant applications, reviewing emergency plans by state and local governments and determining where federal assistance should go, yet FEMA is tasked with managing the response and marshalling the assets.

The people who draw up the plans should be able to execute the plans. Now we have one office taking in grant applications, reviewing emergency plans by state and local governments and determining where federal assistance should go, yet FEMA is tasked with managing the response and marshalling the assets.