Now on cspan a. Review of the 2018 federal budget from the money the president requested to what congress, who holds the purse strings, ultimately decides. Joining us from capital gal nancy, senior correspondental now correspondentent for bloomberg. Nancy, tell us what the president requested for 2018, and what were his Top Priorities . The president stuck with the overall number in the law, the budget control act, requesting basically a little bit over 1 trillion. 1. 1 trillion as the law allows for. Within that number he really departed from the budget control act numbers, and he requested a lot more for defense programs. About 54 billion for security related programs. And covers that with an equal amount of cuts in nondefense spending, 54 billion. So thats a violation of the budget control act there. But more than that, its very politically unpopular. Yes, numbers really members really like the defense spending increase, but they dont like taking it out of nondefense programs agricu
Now on cspan a. Review of the 2018 federal budget from the money the president requested to what congress, who holds the purse strings, ultimately decides. Joining us from capital gal nancy, senior correspondental now correspondentent for bloomberg. Nancy, tell us what the president requested for 2018, and what were his Top Priorities . The president stuck with the overall number in the law, the budget control act, requesting basically a little bit over 1 trillion. 1. 1 trillion as the law allows for. Within that number he really departed from the budget control act numbers, and he requested a lot more for defense programs. About 54 billion for security related programs. And covers that with an equal amount of cuts in nondefense spending, 54 billion. So thats a violation of the budget control act there. But more than that, its very politically unpopular. Yes, numbers really members really like the defense spending increase, but they dont like taking it out of nondefense programs agricu
Now on cspan a. Review of the 2018 federal budget from the money the president requested to what congress, who holds the purse strings, ultimately decides. Joining us from capital gal nancy, senior correspondental now correspondentent for bloomberg. Nancy, tell us what the president requested for 2018, and what were his Top Priorities . The president stuck with the overall number in the law, the budget control act, requesting basically a little bit over 1 trillion. 1. 1 trillion as the law allows for. Within that number he really departed from the budget control act numbers, and he requested a lot more for defense programs. About 54 billion for security related programs. And covers that with an equal amount of cuts in nondefense spending, 54 billion. So thats a violation of the budget control act there. But more than that, its very politically unpopular. Yes, numbers really members really like the defense spending increase, but they dont like taking it out of nondefense programs agricu
Government solution, the public option and medicare buyin. Rather vague. 13 days till the vote. Thats politics and how about money . Stocks are going down and another decline in iphone sales, a slight drop in profit margin. Still the most valuable company in the world. Is it now a glorified utility, milking steve jobs iphone legacy . Politics and money, thats what we do. Varney company is about to begin. Well, where are we going in approximately 28 minutes time . Weve headed south for the big board and the Dow Jones Industrials are off 75 points. The price of oil has dropped below 50 a barrel. 49. 06 to be precise. Well get the latest reading how much we got from oil in the stock piles coming up at 10 30. Now look at this. This is apple. It is the stock of the day, probably. Shares set to open lower. And im going to call it a lackluster Earnings Report late yesterday to be down to 114. Emack, numbers liz yeah, the Third Straight quarter of iphones down versus sold in the prior quarter.
By the end of 18, well in the army be down to about 233,000 of civilian employees. I havent done the exact math, but its roughly equivalent to the percentage reduction we have in our instrength as well. We cant do what we need to do as an army without these civilians doing it. You were very gracious in noting that, but do have to be in balance. When it comes to the operational force, youve stated it very correctly. Were challenged on all three of those legs right now, frankly. But particularly given the environment that were seeing across the globe and the likelihood of that next unforeseen thing, which is another thing that keeps me up at night, readiness has to be our number one concern at the moment. Weve managed our developmental programs. We have set aside our major acquisition programs for major developmental programs for the 2020s and beyond not because we think thats the best thing for our soldiers, but because its required by this fiscal reality. Rather what wed like to have f