You write that the testimony by Mick Mulvaney next week will ratherand full, eventful is what you write. What are you expecting . We are going to get how it in theo handle spending next fiscal year from mandatory medicaid and social security, and details on defense and domestic spending programs. We got an idea in midmarch with how trump wants to handle fiscal 2018 spending. Defense to expand spending by 54 and decrease other spending the same amount. Fiscal year 18 with the looming deadline of september 30 for the end of this fiscal year. Of does the release this budget affect the appropriations process . We are delayed starting the budget and appropriations process on the hill. Typically the president releases his request on the first monday in february, but they have to get into office and they have a list of things that goes with that. We got the president s skinny budget midmarch, and on tuesday his full budget request. After that we expect the house and Senate Budget committees t
First, we will get back to the budget, the 2018 budget. The full proposal has been posted online and omb director Mick Mulvaney will take that podium any minute. Lets bring back Senior International cour correspondent Michael Mckee and a reporter at the white house. Michael, lets give it a quick rundown. 3. 6 trillion in spending cuts over the next 10 years. What does that primarily involve . From themost will come appropriations program, the annual appropriations, nondefense discretionary spending. Propose aent could big increase in defense spending. He appointed a two party or to head to omb, Mick Mulvaney, and he is getting a two party budget, which fits their philosophy that governments tea party budget, which fits their philosophy. Vonnie there are some domestic spending provisions here. 25 billion over 10 years for expansion of programs and so on. Mick mulvaney talked about measuring compassion. He says it isnt measured correctly. Yes. We heard from the director the budget direct
Include 3. 6 billion in cuts. Mull Mick Mulvaney will be holding a briefing in a moment. In the meantime, joining us is former cbo director and treasury for secretary phillip swiggle. Good to have you both with us. Good morning. Dan, every time we get a budget, obviously, we make all the kaf ycaveats of challenges e its reality but what strikes you about this initial proposal. You know, the budget was really only three numbers, if you will. Revenue, Discretionary Spending and what we call entitlements or mandatory spending. In this budget the president proposes to cut Discretionary Spending, particularly domestic, and some entitlements, particularly medicaid. But he leaves off the table, as he did during the campaign, Social Security and medicaid or medicare, im sorry. Of course, interest on the debt you cant cut. So, there are substantial portions of the budget that are literally off the table, which means pretty big cuts to the rest of the budget and no revenue increases. Certainly t
We can talk very briefly about what happened in manchester england. The president summed it up and just called these people who have perpetrated this, one person, or maybe more, evil losers. They have several victims that were 11 o 11 or 12. This hits especially close to home for many of us and we stand shoulder to shoulder with our allies and our friends in the uk and also have the victims and families in our hearts. As we talk about these other things, it somehow pales in comparison. Lets talk about the budget. I know some of you were here yesterday, but a lot of folks werent here. Lets talk about what this is. This is the president s fy 2018 budget present name on the cover is the new foundation for american greatness. As i read through it over the weekend, we been working on this since before i got here, it struck me that the title should been different. The title should have been a Taxpayer First budget because thats what this is. As i was trying to reconcile those two things, its
Cuts to medicaid, stood alone a, food stamps. It seeks to cut 3. 6 trillion in federal spending over ten years. The budget director, Mick Mulvaney answer questions about the budget missed 35 minute briefing. [inaudible] [inaudible] good morning. Lets make a brief statement before we start about things that are probably more important than the numbers folks like me get caught up in the numbers. What a talk about what happened in manchester england, the president this morning summed it up and for a lot of people he called these people who perpetrated this, evil losers. The president has 11 or 12, i took my son to his first concert when he was 11 or 12 and all of us with children that age this it close to home. We stand shoulder to shoulder with our allies and friends in the u. K. And also have the victims and their families in our hearts. As we talk about these other things that pale in comparison want to talk about the budget. I know some of you here yesterday and i know some this will