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thank you very much Mr chairman let me start out Madam Secretary with the full faith and credit issue that my colleague Senator Wyden has raised we are in agreement that we need to protect the full faith and credit of the United States uh frankly as I indicated in my opening statement the problem that we see on the Republican side is that its all tax and all spending increases in terms of the administrations approach to this and while you and the chairman just discussed a number of concerns you have with Republican ideas with regard to how to deal with this the bottom line is that we must stop trying to solve this problem by Massive new spending and massive new taxes so we have some disagreements about how to deal with this what I would ask of you is at this point the president has refused to negotiate with Republicans on fiscal restraint policies that they believe need to be put into place with a with a new extension of the debt ceiling we must engage in negotiations to get over som