Thank you, Ms. Savage.
We'll go to questions from members.
I'll remind witnesses that members have very limited time for questions. The first round will be six minutes. Members may choose to put questions to one or all three of you. If you are not asked a question and you would like to respond, please so indicate to me, and I will try to ensure that you get some time. But there is very limited time, so we ask you to be short in your answers.
We'll start with Mr. McTeague.