mr. mike mccord, the undersecretary of defense and chief financial officer for the department. i'm confident that mr. mccord will provide the committee with useful information as the subcommittee formulates the 2016 defense budget. thank you for appearing before us this morning. your full statements will of course be included in the record. i will now turn to my friend and vice chairman of the committee senator durbin for his opening remarks. >> turn one. thank you all for being here. secretary carter glad to see you. glad we had a chance to chat for america. mr. mccord, thank you as well for being part of this pic special thanks to general dempsey, for your many years of service in the united states army into the united states insurance of our national defense. you have risen to the top rank within the white house and administration as the chairman of the military side of our defense, and i appreciate all the talent that you brought to it and all the dedication. wish you the best whatever life take you with your wife, children and grandchildren. even now be able to enjoy a lot

mr. mccord, thank you as well for being a part of this. a special thanks to general dempsey for your many years of service in the united army and to united states in terms of our national defense. you have risen to the top rank within the white house and administration as chairman of the military side of our defense, and i appreciate all the talent you brought to it and your dedication. i wish you the best wherever life takes you with your wife, children, and grandchildren. you will now be able to enjoy a lot more. secretary carter and general dempsey, it is important for a -- us to hear your advice on a number of pending issues. the first is a threat of our own creation called sequestration. there are threats to increase defense spending mainly to shift tens of billions of dollars from the funds in the base budget to overseas contingen i believe this effort is not the right way to address the problem. while i support avoiding sequestration, congress must address budget shortfalls and do it responsibly. moving base funding to the war accou

mr. mccord, thank you as well for being a part of this. a special thanks to general dead sea for your many years of service in the united army and to united states in terms of our national defense. you have risen to the top rank within the white house and administration as chairman of the military side of our defense , and i appreciate all the talent you brought to it and your dedication. i wish you the best wherever life takes you with your wife, children, and grandchildren. you will now be able to enjoy a lot more. secretary carter and general dead sea, it is important for a stick hear your advice on a number of pending issues. the first is a threat of our own creation called sequestration. there are threats to increase defense spending mainly to shift tens of billions of dollars from the funds in the base budget to overseas contingency accounts. i believe this effort is not the right way to address the problem. while i support avoiding sequestration, congress must address budget shortfalls and do so responsibly. moving the money adds to

mr. mike mccord, the undersecretary of defense and chief financial officer for the department. i am confident that mr. mccord it will provide the committee with useful information as the subcommittee relates -- subcommittee formulates the 2016 budget. thank you for appearing before us this morning. your full statements of course will be included on the record. i now turn to my friend and vice chairman of the committee senator durbin for his opening remarks. senator durbin: thank you mr. chairman, and thank you all for being here. secretary carter, good to see you. mr. mccourt, thank you as well for being part of this. special thanks to general dempsey for your many years of service in the u.s. army and to the united states in terms of our national defense. you have risen to the top rank within the white house administration. i appreciate all the talent that you brought to it and dedication. i wish you the best where life takes you with your wife and grandchildren. you will now be able to enjoy a lot more. it is important for us to hear your advice on a number of pending issues.

mr. mike mccord, the undersecretary of defense and chief financial officer for the department. i am confident that mr. mccord it will provide the committee with useful information as the subcommittee relates -- subcommittee formulates the 2016 budget. thank you for appearing before us this morning. your full statements of course will be included on the record. i now turn to my friend and vice chairman of the committee senator durbin for his opening remarks. senator durbin: thank you mr. chairman, and thank you all for being here. secretary carter, good to see you. mr. mccourt, thank you as well for being part of this. special thanks to general dempsey for your many years of service in the u.s. army and to the united states in terms of our national defense. you have risen to the top rank within the white house administration. i appreciate all the talent that you brought to it and dedication. i wish you the best where life takes you with your wife and grandchildren. you will now be able to enjoy a lot more. it is important for us to hear your advice on a number of pending issues.