Announcer next, Shaun Donovan outlining president obamas 2017 budget request. Then Defense Department the pentagonsss portion of the 2017 budget. Then examining u. S. Efforts to combat terrorism. On tuesday, Shaun Donovan and other Administration Officials outlined the president s 2017 budget request. It includes plans for a new Transportation System funded by ap paid by Oil Companies. Clean energy and investments to cure cancer. This is one hour and 15 minutes. Mr. Earnest good afternoon, everybody. [inaudible] obviously, todays the day that many of you have been waiting for a long, long time. The president has released his fiscal year 2017 budget. And were going to have some presentations here to start before we get to your questions. Theres one point that i wanted to make before i turn it over to sean here. And its simply this. Budgets are important because they enumerate priorities. When you is something thats that this detailed, theres no fudging. It becomes quite clear when you l
Setting up defenses against a possible takeover of burberry. Lets head to the markets desk where julie hyman has the latest. Julie declines steepening as we get out of the gate. Just half an hour into trading. Already stocks hitting the lows. The s p doing the worst of the three, not the pattern we have seen recently. The chinese export data and the japanese gdp data, and commodities breaking down, stocks cannot sustain their gains. We have energy and materials, the leading groups yesterday, down big. Each falling more than 2 . It is a broadbased decline. Consumer staples little changed. Besides that, a lot of red. In stocksen selling and buying in treasuries. Yesterday to some extent as well. The yield on the 10 year note going down to one point 82 . People looking for safety today. 1. 82 . G down and with Economic Data out of asia, commodities are having an effect. Oil prices, which had gained as much as 1. 5 one point 5 , now plunging 2. 5 . It is not clear if anything had happened.
Emergent treat, and i think in the more cochran strategy, first of all, we have all this state in this region, militias, revenge groups, sectarian groups, terroristic groups, criminal groups and so of course, libya talked about some groups we can say only in libya we have merely 300 militias. And when you go a little bit to this all this separatist groups dealing with all the terrorists, link it to all these terrorist groups and national organized crime. Pick in this time, on one hand, as the major role of terrorism and the terrorist groups, we have certainly daesh, as you see it, and is active in a lot of off can countries, in mali, bar ke barkina faso and others. We have a big bed of as my friend said, boko haram. We talk less about boko haram, but its one of the bad, very bad groups. And al shabab. The second point, when we focus on the terrorist groups in the moroccan approach, we never put transnational organized crime. We have in this region very important activity and what we le
Local correctional facility you visited and better than many of the federal facilities, yet youre advising the president on the closure of this facility so he can propose building a new facility here. Does that make any sense . Would it not be better to tell the American People the real story, that its a model detention facility, that the red cross has regular access, dispel the false narrative that some use, rather than close down what is a great facility . I do think its a professionally run and a humanely run facility, and in particular, the servicemen who and women who serve there, face enormous hardship in their service, and they do an outstanding job in running the facility. General kelly did an outstanding job in managing, now admiral tib has taken over that process and they both do an incredible job in maintaining what is a very well run facility. That said, we still think it should be closed. Were going to greg meeks of new york, and then mo brooks of alabama. Thank you, mr. C
Did mention, you brought out your customer problems with our banks and i think that given that the statute that i referenced allowed only temporary exemptions, do you believe it is time that those involved in these type of real estate transactions should be required to implement u. S. AntiMoney Laundering programs . Asthings such as the virtual word we need to think about this in order to preclude dirty money from entering the system. Anything that moves in terms of hiding money criminals and terrorists are very good at trying to circumvent our measures. Ms. Waters i suppose you are aware of the extensive article that was done about the Time Warner Center and it is absolutely startling to take a look at the purchase of those properties and who is buying them and how it operates. I think that this information is very instructive. And it should cause us to want to take a closer look about what we do about these kind of real estate transactions. Thank you. I held back. Mr. Williams i have