Today we will hear testimony from the director of the office of management of budget, the monon honorable Mick Mulvaney. I want to thank him for being here to discuss the president s budget and spending priorities. We look forward to hearing his remarks. While article one gives congress the power of the purse the federal budget is a collaborative process. The administration, this committee and counter parts Work Together to build a budget that reflects our unified priorities over the same time period economic stagnation lead Congressional Budget Office to continually downgrade projects for Economic Growth. Its a large debt burden on the future generation of americans, that reflects moral failure to face head on our challenges. This administration and this committee agree on our our responsibility to improve our countrys fiscal situation and put us on the foot a balanced budget that allows us to start cutting down our National Debt. Our friends will no doubt defend the status quo of the
Today we will hear testimony from the director of the office of management of budget, the monon honorable Mick Mulvaney. I want to thank him for being here to discuss the president s budget and spending priorities. We look forward to hearing his remarks. While article one gives congress the power of the purse the federal budget is a collaborative process. The administration, this committee and counter parts Work Together to build a budget that reflects our unified priorities over the same time period economic stagnation lead Congressional Budget Office to continually downgrade projects for Economic Growth. Its a large debt burden on the future generation of americans, that reflects moral failure to face head on our challenges. This administration and this committee agree on our our responsibility to improve our countrys fiscal situation and put us on the foot a balanced budget that allows us to start cutting down our National Debt. Our friends will no doubt defend the status quo of the
Rillion over 10 years. This part of the hearing is just over 2 hours. The hearing will come to order. Welcome to the committee on the Budget Hearing for today we will hear testimony from the director of the office of management of budget, the mononor honorable ce of management and budget, the onorable Mick Mulvaney. Good morning, once again, to everyone. Mulvaney fornk mr. Being here today to discuss the president s budget and spending priorities. We look forward to hearing his remarks. Priorities. To achieven budgets a balance. Over time, the Congressional Budget Office able to continually downgrade their objections their projections for Economic Growth. A large debt burden on a future generation of americans, a burden that to face a moral failure our challenges. This administration and this committee agree wholeheartedly on our responsibility to improve our countrys fiscal situation and put us on the path to a balanced budget. We will defend the status quo of the obama years with the
Rillion over 10 years. This part of the hearing is just over 2 hours. The hearing will come to order. Welcome to the committee on the Budget Hearing for today we will hear testimony from the director of the office of management of budget, the mononor honorable ce of management and budget, the onorable Mick Mulvaney. Good morning, once again, to everyone. Mulvaney fornk mr. Being here today to discuss the president s budget and spending priorities. We look forward to hearing his remarks. Priorities. To achieven budgets a balance. Over time, the Congressional Budget Office able to continually downgrade their objections their projections for Economic Growth. A large debt burden on a future generation of americans, a burden that to face a moral failure our challenges. This administration and this committee agree wholeheartedly on our responsibility to improve our countrys fiscal situation and put us on the path to a balanced budget. We will defend the status quo of the obama years with the
Falling for three consecutive days. The lowest level in two months. We are seeing this downbeat sentiment. S p futures trading lower. Of course, a different story in shanghai. Still managing to stay in positive territory. Although slightly unchanged from friday, but remember, on friday, the shanghai composite closed above 5000 for the First Time Since 2008. It is still trading above that 5000 level. Back to you. Rishaad we have got more evidence of that 7 growth target in china. It is under threat once more. We have got exports and import numbers coming through. Down in may, both of them. Weaker internal and struggle demand responsible. Steve is looking at these numbers. Steve widely in line with expectations. Exports performing a little bit better but they are down. Exports down 2. 5 in may. They have fallen every month this year except for february which has extreme seasonal distortion. They were down 6. 4 in april. 15 down in march. The estimate was for. 4 down. We do not expect the