Good morning. The hearing will come to order. Welcome to the committee on the Budget Hearing on the president s fiscal year 2019 budget. Today we will hear testimony from the director of the office of management and budget, the honorable mick mulvaney. During our hearing we will hear directly from the director of omb and we appreciate you being with us here today, mr. Director. Your insight will be very help of in our understanding. We see that the president s budget each year marks the beginning of the federal budgeting process or budget season as we like to call it, and the white house officially kicked it off on monday. While congress ultimately controls the purse strings, the president s budget request is still an important document for lawmakers to consider along the way. Each fiscal year the administrations budget documents documents the president s policy and spending priority. These are important for both changes to consider as work crafting the budget resolution begins in earn
Are children. The medicaid system if we do work requirement reforms the youre good ow about this math, doesnt work. A 500 billion cut to medicare and medicaid, those two combined, 72 billion to disability programs, and in my state we are one of the poorest states in the country so i want to go about this with a minute left a little differently. 20 of new mexicans live in poverty. We have some of the hungriest families in america. A third of us are on snap. We have some of the highest unemployment rates in the country. We have a governor who i would say applied many of these same principles to running state reforms or d to cuts. This is the worst coverage. I was wondering i think theres Nothing Better than a partnership and i would like to invite you to come with me to new mexico and i would like to take you, we can go to some of the Navajo Nation and some of e remote nations and i would show you these beneficiaries. A list of them that would keep them afloat and some that would keep th
Distinguished news man. He was kind of embarrassed by this. He was moderating but he disappears for sometimes five or more minutes at a time. Today, you would not have a moderator jumping in every 30 seconds. Sunday night at 8 00 eastern and pacific on cspans q a. Nigerian president Muhammadu Buhari met with president obama to talk about the boko haram and violence in nigeria. Later, president buhari spoke in an event hosted by the u. S. Chamber of commerce. [applause] Muhammadu Buhari please sit down, ladies and gentlemen. When we read our speeches in the other room, the audience was so small. In fact, i wondered why some of the governors turned down our invitation only for me to find in here. I, too will reread my speech. [laughter and applause] the governors here. The governor of river state, b orno state, the central ground of boko haram. The governor of ibo state. The governors of other states, and the rest of my team. Ambassador adefuye. And corporate sponsors and captains of ind
Another big asian selloff. China losing 8. 5 in overnight trade and the hang seng in hong kong also dropping 3 . Japan a more muted drop but i think you get the picture. Europe falling as well. Germany and france bearing the brunt of the selling and the drop continues through the usa. We are off the lows of the day but as you can see the dow is moving to the downside by 133 points right now. The nasdaq is off by 46 points. The s p down by 11. The russell 2000 is down by nearly 1 folks, or 11 points. My old colleague now joins us with more on why china dropped so far, so fast. Reporter volatility returning with a vengeance to the Mainland China stock markets. Equities plunging more than 8 . The biggest oneday drop in more than eight years on signs beijing might be backing away from supporting the markets. Concerns over Economic Health soured sentiment further. Data show chinas industrial firms dropped 3 from a year earlier reversing a. 6 rise in may. Index heavyweights including china u
Election, or people sick of it . The early signs are it looks as though it wont be dissimilar to what we had in 2013. The truth is, in 2013, the turnout was low, around 30 . It looks as though it will be another relatively low turnout election. John, thank you so much. Much more to come for you, that is it for the moment. It is time now for hardtalk. Welcome to hardtalk, im stephen sackur. South africas anc was once seen as an inspirational model for africa. Now its becoming a watchword for infighting, cronyism, corruption and the dangers of one party rule. President jacob zuma stands accused of abusing his power notjust by his enemies but by many erstwhile anc colleagues. My guest today, fikile mbalula, was made Police Minister in a recent controversial cabinet sha keup. As the scandals pile up, are we witnessing the slow death of the anc . Fikile mbalula, in cape town, welcome to hardtalk. Lets begin with a simple question, there is no doubt the anc government is in crisis, who do yo