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Dollar flat, tenyear 224 and moderate action in crude. Budget priorities the white house out with its 2018 budget plan today which targets big cuts to medicaid, food stamps and disability. Plus u. S. Markets are shrugging off global terror concerns. Futures are aiming for a fourth consecutive day of gains. Isis claiming responsibility for the deadly concert bombing in manchester, uk. The worst terror attack in the uk since the london bombing in 2005. The white house set to unveil the president s budget for 2018 which aims to eliminate the deficit in ten years, the budget includes 3. 6 trillion in spending cuts over a decade, including medicaid, food stamps, welfare, Student Loans and disability benefits. The plan does call for an increase in military spending, most notably, jim, calls for 3 real gdp from 2021 all the way through 2027. Yes, i dont know what to say. You read the new york times, notice i didnt call it the f l failifai ....
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 ....