african-american history and culture. russell voigt testified on president trump s 4.8 trillion dollar budget proposal for 2021 before the house budget committee. this runs three hours. i want to welcome everyone to the president s budget submission and certainly welcome the acting director of omb, russell vought. thank you for being here to testify on the president s 2021 budget proposal. i hope this hearing will provide an honest examination of the priorities set forth by the trump administration so we can get back to passing appropriations bills that reflect the needs and priorities of the american people. i will yield myself five minutes for an opening statement. six months ago, the president signed a bipartisan i m sorry. okay. [laughter] is it all right? can everybody hear me? six months ago, the president signed a bipartisan two-year budget deal into law. it set rational discretionary toplines, allowing strong investments in our national and economic security. it
test captions copyright national cable satellite corp. 2008 using a.i. to determine what is directed to children? exactly. i want to make sure the audience is following, the features, because they involve a collection of information. when people hear that term they re often thinking like naturally think about the cookie that enables the ad that shows you if it s relevant to you not just based on the content you re seeing but other things you looked at. we re talking about a wide array of features here because it s things like comment, put in free text, that s considered collection, not intuitive to people outside of coppa land. it s quite intuitive. you don t want kids saying hi, my name is so and so and you can reach me at. i agree. no one would dispute that s what congress was intending to cover in writing coppa in the first place. but i just want to make sure we re making a connection between this a
budget submission and welcome the acting director of omb. thank you for being here to testify on the president s 2021 budget proposal. it s my hope we ll have an open and honest examination of the policies set forth by the trump administration so we can get back to work passing appropriations bills that reflect the needs and priorities of the american people. i will now yield myself five minutes for an opening statement. just six short months ago the president signed a bipartisan all right. just six movpts ago the president signed a bipartisan two year budget deal into law. it does everything the president s proposal fails to do. discretionary time lines allowing strong investments in our national and economic security. it had bipartisan support including the ranking member and myself. now the president is going back on his word. instead he is proposing deep cuts to critical programs that help american families and prepare our nation for the future. once again, he s break
continue to watch copper. you may look at oil down to $48, but copper is where the real risk on/risk off is going to be felt when it comes to fundamental china demand. so far, i do not feel inspired by that. guy: kind of what we are seeing over here, as well. the stoxx 600 is flat right now. it was much more negative, but we have come up. i think that is probably the u.s. markets and the gravitational effect of new york. euro-dollar continues to be weak , $1.0904. now we got political chaos in germany. brent crude trading at $53.96. really fascinating to see what the bp boss says to you. that is a conversation we are all looking over to. alix: let s get to the latest on the coronavirus. the death toll climbing to at least 910. chinese president xi jinping appearing in public for the first time, wearing a mask and having his temperature taken. the government reported that consumer prices rose in the fastest rate in over 10 years. food prices have surged the most since 2008. jo
cycle of dependency and onto economic opportunity. david: let s talk about the deficit reduction. maybe it will not be losing white as much money as we thought we were, but it will still be adding to the deficit. we would end up $30 trillion in the red. this is something president trump said he would turn around. what changed? mr. vought: nothing has changed. what has changed is the democrats on capitol hill have refused to consider the spending reform this president has put forward each and every year. we need congress to enact these important savings reforms. we will continue to propose them. we need things that are necessary for economic growth. done and enacted immediately. we need prescription drug legislation to be enacted. these are all things we deals nd congress to go along with and enact. the president will keep putting forward ideas and proposals to get a handle on our debt and deficit. david: which is important to all of us, obviously. at the same time, this is th