Im just as concerned about the deficit, im glad im not the only one. Nice to have the democrats along for the ride and hope that keep that focus during the product process. Eric director, President Trump ran on cutting useless waste and spending. Give us a way to understand that. We are he going through that. Omb, office of management and budget identified what we think to be the most wasteful programs and duplicative program, programs that are ineffective and sharing with the various agencies as we work with them to try and get the spending numbers down to where we need them to be in order to provide additional spending for defense. We go through that process this week and by the 16th of march will be able to roll out the budget. Eric you mentioned a 10 increase, shockingly senator john mccain pushed back on that. Whats going on here . You know, some folks think its too much. Theres senator mccain and a few others who dont think its enough. I reefer to it as the goldilocks number, it seems to be in the middle. Its the precisely the amount of money we needed for the military sequester. What the president campaigned on and won and and giving him that. Eric i have had the director of the budgetment and as long as your heater a stays on, eric, ill be fine. Its freezing cold here. Eric as long as im staying on air. As long as the stock market, labor market, housing market, in fact, a lot of that has to do with the proposed tax cuts giving businesses and americans more of their money. Where do we stand on that . It does reflect the tax cuts or at least the anticipation of them. Were working on that now. I have a meeting later on today here on saturday to go over further work on that, but dont discount the value of the Regulatory Reforms at the same time. I think theres a lot more bang for the buck even there than there is in tax reform. Theres good academic literature on that thing. Yes, youre seeing the markets respond positively, but i dont think its just because of the tax cuts. Its the Regulatory Reform and just the basic probusiness attitude, progrowth attitude this administration is bringing to washington d. C. I think youre seeing the markets go up for a bunch of reasons, all of them good. Eric i would agree with that as a conservative, things were talking about for decades. Lets talk about the timing on it, with Obamacare Repeal and replace front and center. Do tax cuts be put on the back side of that or run concurrent . The weight of the rules on capitol hill work because of the budget rules with reconciliation that probably bore most to tears. The way its set up now, Obamacare Repeal and replace has to go first and tax reform immediately after that. Eric cant you change the rules . The house and senate can, but my guess is they dont have 60 votes to do that. Eric maybe if you use the nuclear option, harken back to harry reid and see how it feels when its about the budgets, too. Lets talk about 2 or 3 trillion dollars in money that corporations have overseas. Mr. Trump said lets rerepatriate that money with a certain percent going to a tax. Where do we stand on that and how much are you guys looking at . I know the president has met with probably upwards of several dozen if not many, many more of the ceos the first month in office. Gary cohn has been doing the same thing as well as we try to get commitments from the companies to movie money back overseas. Theyve been tremendous progress. I dont want to speculate the dollar amount that comes back, were comfortable that its in the trillions of dollars eno doubt about the dollar amount. What sort of fee . Years ago i proposed an idea that said let corporations bring the money back free, no tax at all, but earmark a certain percentage of money towards Capital Investment and hiring and that in itself would be a stimulus plan. It would be, youre also looking at it in terms of part and parcel of maybe an infrastructure plan, thats been floated on the hill in the past. I think right now its fair to say what were looking for is a sweet spot, which is that tax rate that gets the most amount of money to come back, but also allows us the most money to invest in certain capital projects, including infrastructure. So thats an ongoing negotiation right now. Again, when you step back and ask your question about the order of things, you go back to Obamacare Repeal and replace going first and then tax reform and then infrastructure. Eric and then theres this other issue here, well, is the border. The southern border that mr. Trump campaigned on, building a wall. He says the wall is going to be built. Theres question who is going to pay for it. Are they going to pay for it . Are we . If we pay for it first and they play us back, whats the mechanism . Im not familiar with the mechanism by which mexico might pay it backs to us, thats outside the office of budget. What were working on is a way to save money elsewhere in the 2017 budget. Were in the middle of fiscal year 2017 right now so we can start the wall this year. I think youre going to see that. In fact, i know youre going to see that and set aside money in the 2018 budget to continue that construction. Eric what is the border import fee . Where do we stand on that is this there have been a couple of ideas floated, one is a straight fee coming in and the other is a reciprocal fee, say mexico or brazil, whatever they charge us to tax port our kids into their country, we charge them the same back. Do we have any sort of plan . Whats being floated . What you have is a variety of plans, that doesnt bother me because were fairly early in the process of getting tax reform. I know the house has a plan with full border adjustment. And the white house is looking at those plans and those as well. Omb is involved, ive seen a couple of proposals, im not at liberty what we think is plan a, plan b, plan c at this time, but i had four meetings on tax reform in addition to obamacare, and its a busy week. Suffice so taye, the administration is not waiting on any of these things, were working on these items every single day and hope to have a specific tax proposal in next few weeks. Eric we spent about 42, 43 billion in foreign aid. Is some of that aid air marked for maybe cutting back and maybe paying for some things like military spending . A lot of it is. In fact, thats probably the most the budget items you can tie most directly to what the president said when he ran for office. We are going to propose to reduce foreign aid and propose to spend that money here. So, i think some of the proposals you will see by march 16th foreign aid any specific countries looking at cuts . Well, a lot of our foreign aid doesnt necessarily get targeted to a specific country. So, when we talk about changing a particular aid program it may have impact in various different nations, but that overriding message, its fairly straight forward, less money spent on folks overseas, more spent on folks back home. Ive got to tell you, mick mulvaney, appreciate having you on. Look forward to seeing you soon. Thank you very much. Eric our cashin in crew and one of them saying, i hate to tell you so. But it looks like the minimum wage increases are back firing on the very people that the unions said they would help. With car insurance, and i was not happy with the customer service. We have switched back over and we feel like were back home now. The process through usaa is so effortless, that you feel like youre a part of the family. I love that i can pass the membership to my children, and that they can be protected. Were the williams family, and were usaa members for life. Call usaa today to talk about your insurance needs. All right, it looks like were seeing the fallout for the fight for 15 crowd. After more cities and states forced companies to hike their minimum wage this year, wendys says its installing selfservice kiosks in 1,000 restaurants. Now, weve been talking about this for a very long time. We knew this was going to happen. Yeah, color me shocked, eric. Of course, its going to happen. And why would you have humans do the job when machines do it more efficiently and faster and cheaper . Look, businesses are going to be looking out for the bottom line and try to keep the cost of doing business as low as possible. When cash goes in one pocket, it has to come out of another. Thats the problem with the minimum wage and theres a lot of mistruths out there as well. You look at the bulk of minimum wage earners, its entry level. A majority of young individuals, an entry level jobs. When you make the cost of doing business for those Business Owners theres going to be less of the entry level jobs for the young people to have. It doesnt make a lot of sense. Eric allow me to jump in, you know what robots dont need . Health care. Thats a fact. The truth is already, even at the current very inadequate minimum wage, automation was taking over anyway. You see this already in the fight over the labor secretary, who left for other reasons, but he was making the argument, i think it was for carls, jr. , you know, automation is cheaper and didnt matter about the minimum wage. This to me is like a false defense against team who are saying in this country if you work 40 hours a week, you should be able to support your family. That to me is good economics because those people spend money and good theory. Those protesters ive been stuck behind traffic jams behind the protesters. Im not sure theyre the workers looking for 15. I think theyre getting 15 to protest. I was going to say arent the protesters getting paid . We know the reality behind this. The biggest concern for businesses is labor costs. They have to weigh the pros and cons whether they automate or not. If youre forcing upon them, a raise in the federal minimum wage instead of letting the states handle it where you could foster competition, its a problem for these companies and theyre going to seek out what is going to be the cheapest option and i have to say with automation, there is a reality. I mean, there was one oxford researcher who came out and said that automation could risk eliminating a percentage of jobs out there. Thats significant, its a sense of adapting to this modern economy, there are changes coming, fundamental changes to our economy and how are we as humans going to adapt to the automation and adding the pressure of the rise of the federal minimum wage becomes a lot more puts more pressure on the companies. Eric youre pushing businesses right to automation. It was probably going to happen joer over time. But youre forcing it to happen. Can we show a video of the google robot . Theyre developing it initially for military purposes, but down the road, i can see that bad boy dropping off my cheeseburger at the drive through window, cant you . Absolutely. Listen, these minimum wage jobs, by the way, were never meant to be family supporting jobs, supposed to be starter jobs, you learn a skill. This summer my daughter had her first job working at dairy queen. I can tell you right now and say this, i love her to death, shes not worth 15 an hour. She certainly wasnt last summer with her first job. I love her, but listen the way to grow wages is to grow the economy and not to artificially impose this, if not, theyll take at that google robot. Eric juan, you pay 15 an hour, pay payroll taxes and health care. Let me see the robot again. I love that robot. Eventually that guy is going to be doing Something Like not only delivering cheeseburger, but keeping you in line at disney world, so many uses for that. Dont show that to my wife, i think that guy would be a good husband laughter but ive got t reality is if youre moving away, were having a conversation, mercedes makes the point, listen, automation is coming, how we deal with it as an American Society and i dont think that diminishing wages for people is the way to go about it, i think we have to were going to have to deal with the competition. Eric more about competition. I want to make one critical point. Before we go, most people who get minimum wage are not teenager, no longer the case. Eric let me bring lisa in. And i cant remember who it was, someone in Silicon Valley saying if you automate, take the human off the line and put a robot on the line, you should be taxed for that. Look, i think we want businesses to be able to do business in this country and the problem is, its been really difficult for businesses to do business in this country. Weve seen more Small Businesses go under than be created over the past few years, and this is a big problem for them. And the point being, is that, businesses are going to look for every opportunity to cut costs and to juans point, if youre forcing businesses to pay people more than theyre worth, im not going to mention rachels daughter because shes the only one that says her daughter isnt worth 15 an hour. They dont have the skill set and education to get paid that much more money. Youre going to cause businesses to shut down and less opportunity for young people to get their first job and entry into the marketplace. The population. Eric weve got to go, guys, weve got a big block coming up. First trump, now oprah, get this the media maven asked about running for president. Look out, washington, wealthy celebrities may be the new Political Class. Only tena overnight underwear. With its secure barrier system gives you. Triple protection from leaks, odor and moisture. Tena lets you be you and her new mobile wedding business. Tte at first, getting paid was tough. Until she got quickbooks. Now she sends invoices, sees when theyve been viewed andtadahpaid twice as fast for free. Visit quickbooksdotcom. Coming up, oprah hinting she could win if she would run for president. Hmmm some say its another wakeup call to the political wakeup call to the Political Class. If youre approaching 65, nows the time to get your ducks in a row. To learn about medicare, and the options you have. You see, medicare doesnt cover everything only about 80 of your part b medical expenses. The rest is up to you. So if 65 is around the corner, think about an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. Like all standardized Medicare Supplement insurance plans, they help cover some of what medicare doesnt pay. And could save you in outofpocket medical costs. So dont wait. Call to request your free decision guide. And gather the information now to help you choose a plan later. These types of plans let you pick any doctor or hospital that takes medicare patients. And theres a range of plans to choose from, depending on you needs and your budget. So if youre turning 65 soon, call now and get started. Because the time to think about tomorrow. Is today. Go long. With a fox news alert. Good morning, im Leland Vittert in washington. President trump has made a startling claim, accusing former president obama of wire tapping him during the campaign. There are some reports that indicate there were warrants for wire taps against trumps aides. Mr. Trump tweeted earlier this morning, terrible, just found out that obama had my wires tapped in trump tower just before the victory. Nothing found. This is mccarthyism. Former obama aide ben rhodes saying no president could order surveillance without a warrant and obviously that leaves open a lot of questions. There have been a wave of u. S. Air strikes in yemen, manned drones at alqaeda, one of the most dangerous in the world. More than 30 air strikes taking out facility and heavy weapons. More on mr. Trumps tweets at the top of the hour with elizabeth prann. Im Leland Vittert. Have you ever thought that different the popularity that you have we havent broken the Glass Ceiling yet for women that you could actually run for president and be elected. I thought oh, gee, i dont have the experience, i dont know enough. Now im thinking, oh. All right. Oprah winfrey suggesting she could win if she ran for president and fellow billionaire celebrity, my friend, mark cuban on record, saying he might be able to pull it off, too. The Political Class is this what weve come to, the celebrities are the new Political Class. Sure, why not . Listen my husband doesnt have the billions, but he was the reality tv caucus of one until trump joined his caucus after this election. I think that, you know, television brings a lot of skills and communication is so important in politics, we see how important it is for donald trump. I think that Oprah Winfrey would be formidable in that department and dont forget, donald trump brings other skills along with tv skills, negotiating skills hes bringing to the table is incredible. As an outsider, we need more outsiders joining politics. Eric juan, i want to bring you in. Oprah winfrey says shes just kidding for now, but look at the picture of mark cuban, hes my friend. See that jersey, hes wearing a jersey number 46, you know what that stands for . The next president. Eric exactly. [laughter] your thoughts on cuban as president. It would be interesting. Mark cuban if were saying someone who is in the business community, mark cuban has done very well in business, not only a very successful nba team, but made money out of sports and did well. My point to you is, you know, just makes my heart want to cry to think that were dumbing down and are you calling Oprah Winfrey dumb and my friend dumb . Oprah winfrey said herself she knows nothing about politics or legislation. If you could figure out a way to put a billion dollars in your bank account, then i challenge you to call them dumb. Oprah winfrey is on television and do you want her as president. I personally have my eric bolling sign for president in 2024, but look, i value the fact that President Trump is coming from the outside with the business experience. The fact that he is one who has dealt with construction workers everyday americans, someone who built a business and i think its incredibly valuable. I encourage it. Career politics, it gets old and stale and ill be sitting right here in 2024. Hang in there, guys. Is the left trying to distract President Trump from getting his agenda done . The one you got last year . If we consolidate suppliers, whats the savings there . So should we go with the 467 horsepower . Or is a 423 enough . Good question. You ask a lot of good questions. I think we should move you into our new fund. Sure. Ok. But are you asking enough about how your wealth is managed . Wealth management at charles schwab. Energy is amazing. How we use it is only limited by our imagination. And at Southern Company were building the future of energy, for you. I want to say thanks to our cashin in crew for joining us. Time to wake up, america. Call me cynical, but does anybody else find it odd the timing of the russian leagues. President trump had a big and bold address to the American People and praised by pundits both sides of the aisle. My buddy said, like it or not donald trump became president tonight. It was so good, they decided to hold off on press conferences with sean spicer and hold off on a release of an executive order and immigration, combined from republicans and democrats voting. I dont believe in polls as you nevertrumpers know, so i watch the people who watched the president ial address. One group who didnt like it the despicable left. Leaders pelosi and schumer called it talk and no action. Thats amazing in 45 days President Trump revamed u. S. Immigration, hired border agents, secured border restrictions, canceled tochlt in ttp trade agreement benefits all except the u. S. , warned n. A. T. O. Allies to pay their fair shore and promises a budget with a massive tax overhaul and even with obstruction from congress and certain senators. Respieling and replacing obamacare and building a southern border wall. Chucky and nan, no, President Trump isnt no talk and more action. Hes doing more in 45 days than your guy did in eight years and longer. Talks the talks and walks the walk. Or runs the run. The deplorables turn. Dont worry, youll get another shot at it in 2014. Leland President Trump tweeting a bombshell allegation about president obama at the crack of dawn. Is he trying to distract the media or does he have evidence to back up the accusation. Elizabeth Jeff Sessions still feeling the heat over the russian meeting admission to Congress Despite recusing himself. Leland and House Speaker and others in congress, senator ronned paul and others accused of keeping health care charges underwraps. We talk with a kentucky senator