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"Fiscal questions trump defense in a way they never would have after 9/11.
While all of the members vote on policy decisions, the chairman deals with most fiscal questions alone.
The president claimed that the issue had dominated coverage two weeks ago, overshadowing important economic and fiscal questions.
He notes that epoch-ending political shifts, like the French and American revolutions, were motivated in large part by fiscal questions.
"There are a lot of reasons why sensible people might disagree about the answers to the fiscal questions that we face.
As has become common, senators of both parties pressed Mr. Bernanke to weigh in on the fiscal questions that have bitterly divided Congress.
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The outlook for the big defense contractors hinges on this fiscal question, to be shortly answered by the first Obama-Gates QDR (Quadrennial Defense Review).
"It's more a fiscal question now than it even is whether it's right or wrong," Dixon says.
"Maybe if we can do some things that can help people right away... that we can talk about health care, we can talk about education -- those are the kinds of things that I would think [Obama] could join us in trying to do, if he doesn't agree with us that managing down the debt and deficit and dealing with the fiscal question could help people too," Cantor continued.
Mrs. Clinton's third committee assignment is on the Budget Committee, which deals with an array of important fiscal policy questions but is not considered a powerhouse like the Finance or the Appropriations Committees.
Robert L. Bixby, executive director of the Concord Coalition, which advocates fiscal discipline, questioned how Mr. McCain's current proposals could lead to balanced budgets.
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