- - Says Taxpayers Demand Real Reforms & Accountability From Washington WASHINGTON—U.S. Sen. John Cornyn, R-Texas, a member of the Senate Budget Committee, made the following statement regarding today’s announcement by Senate Democratic Leader Harry Reid that he will seek Senate passage next week of a $25 billion bailout for the U.S. auto industry. Senator Reid’s support for this latest government bailout comes on the heels of yesterday’s announcement from the Treasury Department that the federal government has a record deficit of $237.2 billion for the first month of the fiscal year. This represents the highest monthly imbalance on record....
