Sen. Hatch the committee will come to order. This mornings hearing will be the first in a series of hearings on the president s fiscal year 2019 Budget Proposal. The Committee Welcomes steven mnuchin, who is here to testify. The president s budget includes numerous proposals to deal with a vast array of policy issues, including the opioid epidemic, infrastructure, modernizing government, National Security, and lowering drug pricing and payments, just to mention a few. I think i speak for all members of the committee when i say that we are all very interested in secretary mnuchins thoughts and insights on a number of items proposed in the budget. The budget envisions that governments receipts will average 17. 1 of gdp over the tenyear budget window, slightly below the long run average of 17. 4 over roughly the last four decades. It also has outlays averaging 20 of gdp over 10 years, which is also slightly below the long run average. The budget also includes some tax proposals, but they
It is hard to imagine the force behind Hurricane Irma, as it sweeps its path in the atlantic. Winds of nearly 300 kilometres an hour and gusts of up to 360 are threatening to leave a highly destructive trail through the islands of the caribbean, and on to puerto rico, haiti, cuba and ultimately florida in the us. Irma has strengthened to a category 5 storm the highest possible level. Heres sarah corker. This is the view of Hurricane Irma from space. Its expected to be one of the most powerful hurricanes ever recorded in the Atlantic Basin. Images released by nasa show its heading towards several caribbean islands, bringing with it 185 mph winds and torrential rain. Puerto rico will be one of the first to be hit. People there arent taking any chances, securing their homes and stocking up on essentials. Hurricane irma is on a collision course with popular holiday destinations like antigua and st martin. With storm surges up to 12 feet, flooding is a major concern. In the dominican republ
Out proposals for ending the stalemate in the brexit negotiations. In a landmark speech in florence, theresa may will offer to maintain payments into the eu budget in return for continued access to the Single Market for a transitional period of up to two years. She will say the eu has a profound sense of responsibility to agree a deal. From florence, our political editor, laura kuenssberg. This city might be an escape from westminster, yet the trickiness of our departure from the eu is no easier in a foreign language. And here on mainland europe, as at home, threats to theresa may lurk in many different corners. Before packing her bags, she had to try to get her cabinet onside. After two and a half hours, an oh so natural display. Look, we all smile and agree. Reporter is philip your new best friend . Cabinet united . Very united, very good, all behind the speech. Mr cairns, will eu leaders like what they hear in florence . Youll have to wait and see. We dont have to wait for all the d
Britain will push for a brexit transition period that would keep it in the Single Market for two years. But can it break the stalemate over money . Plus, clouds gather over the us Solar Industry as a trade dispute with china heats up. Welcome to World Business report. Im rachel horne. We start in florence, italy, where as youve been hearing british Prime Minister theresa may will set out her position on brexit in a speech. With just 18 months to go before the uk is set to leave the eu, she hopes it will break the stalemate in negotiations. So what are we expecting . Sources have told the bbc that theresa may will ask for a transition period of up to two years after the uk leaves in march 2019. She will offer to keep paying into the eu budget during that transition, so other eu Member States dont have to contribute more. At current levels that would amount to about 20 billion euros. In return, she wants uk access to the eu Single Market and some form of Customs Union in the transition p
Monday morning, we look at the week ahead in washington with Washington Post reporter and a political white house reporter. And funding for Childrens Health Insurance Program with paul howard of the manhattan institute. Be sure to watch cspans washington journal live at 7 00 a. M. Eastern monday morning. Join the discussion. Announcer , british Prime Minister theresa may talks about plans concerning brexit. Then Federal Reserve board chair janet yellen holds a News Conference on the future of interest rates. And 11 00 p. M. , another chance to see q a with clinical cartoonist with political cartoonist ann telnaes. The British Parliament is currently in recess. Prime ministers questions will not be seen tonight. British Prime Minister theresa may was in florence, italy to discuss brexit, the future of the United Kingdom to talk about and concerns about citizens rights. This is just under an hour. Pm may a critical time in the evolution of the relationship between the United Kingdom and