next question at white house correspondent peter doocy is traveling with the president. good evening, peter. good evening, president biden helping to prevent a run on the banks by signaling to consumers that wealthy banking negatives are out of luck but every day folks with money in bank accounts can be guaranteed their money is safe. they are very careful to avoid using the b-word, bailout. see you in california. the plan to talk about training sailors to work out of a new joint nuclear sub base in australia to counter threats in the indo-pacific. these subs indo-pacific. the subs are powered, not nuclear armed subs, nuclear power, not nuclear armed. the president s trip not the biggest story, that s the collapse of the silicon valley bank. your deposits will be there when you need them. they will come to the deposit insurance fund. no losses will be borne by the taxpayers. job losses are coming for those president believes that took advantage of regulati
military, too. sandra: are america s fighting forces focused on defending us in war or is it all about going woke now? it is a question many are asking. welcome back as america reports rolls into hour two on this tuesday afternoon. john: good to be with you. i m john roberts in washington. military may not be ready for a major conflict, according to a stunning new report. that s all new at 2:00, but we begin with a fox news alert. sandra: there is now a 100% chance of a recession within the next year. that warning coming there bloomberg economic, just 21 days to the midterm elections and democrats are using the final three weeks to focus on abortion. it does not rest with the extremist republicans in congress and finally say, finally say about your right to choose that it rests with you and if you do your part and vote, democratic leaders in congress i promise you will do our part. i ll do my part. john: president biden making a major promise to put abortion right
Likes of which we have never seen in the world. their navy is larger than ours. biden s budget would send navy backward. average age of our ship are double age of chinese navy, tripling nuclear arsenal. we never faced china and russia with major nuclear arsenal and in space, they are tripling what they are doing in space. they have a major reagan-style arms build-up going on and we re going backward with this budget and putting a cap over the next few years. guys, especially as we re talking memorial day and what people sacrificed for this great nation, that is where my concern lies. we comb through language and talk to leadership. ashley: everybody has to read through this, too. it came down, on the holiday
Or something like that. you ve got independent groups including the chamber of commerce, including the committee for responsible federal budget, which is normally a pretty non-partisan group. they have said, hey, look, republicans have done their job. you may not have liked the bill the house passed, but they did do something. shouldn t democrats respond with a counterproposal? president biden has consistently made clear and, in fact, he introduced his budget two months ago, and it is a budget that will invest and protect in social security. it s going to try to strengthen the economy in a way that bills an economy that works with everyday american and the economy from the middle out and the ground up and not the top down, and president biden s budget will also cut the deficit by $3 trillion. we ve been waiting for months for the republicans to articulate their position. they didn t produce the budget. what they did was produce a ran some note.
Up another chance to to president xi i suspect that will happen but it will happen in due course and it s a perfect time to do so it is important particularly tensions are so high between our two countries that these two leaders keep it light of communication open and the president is committed to doing that. mike: china is increasing as defense spending by more than 7%. president biden s budget would increase defense spending by three-point to percent. concern about the u.s. following behind? you know, the 19th is going to maintain the most preeminent capability around the world were going to dedicate to that. hug budget we just laid out there and see how much of that budget is dedicated to the kind of threat just that our own national defense strategy says meeting. that includes the kinds of challenges in opposing the in the pacific from china certainly, but also from north korea quite frankly from russia. it s all there in the budget. it s very comprehensive. we are missing or goi