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That is a real challenge. to be delayed by the president more than a month, to release this budget and have a nonserious budget reporter: and, of course, if both sides can t come to an agreement on a budge, we could have one of those budget showdowns at the end of september. of course, you remember those very well, mike. mike: indeed. lucas tomlinson live on the north lawn, thanks very much. u.s. treasury secretary janet yellen says the federal government will not bail out silicon valley bank. the collapse of svb marks the largest bank failure since the 2008 financial crisis. nate foy is live with the latest. hello, nate. reporter: hey, mike. yeah, despite saying a bailout is off the table, treasury secretary janet yellen this morning promises that regulators are, in fact, helping goeser the thes, but she declined to say how. instead the, yellen is trying to assure the public the u.s. banking system remains strong despite sill finish silicon ....
Crashed and capsizedded off a beach near torrey pines. we re told some of those people, some of the survivors swam to shore, but it just goes to the highlight the dangers with with human smuggling and our crisis at our southern border. more than 800 migrant deaths at our southern border in fiscal year 0 to the 22, an all-time record. we ll send it back to you. arthel: yeah. that was such an ugly crime and a tragedy there many such a beautiful place, torrey pines. bill melugin, thank you so much. reporter: thanks. eric: former republican governor of arkansas asa hutchinson says that the fentanyl crossing our border is would have been the most, quote, serious issues quote, serious one of the most, quote, serious issues that we face. president biden announce pd a record $46 billion budget for federal drug agencies to try and stem the feint nap fentanyl epidemic, but mexican president lopez obrador, get this, he s ....
1930s germany when it comes to the military and a 25% minimum tax on billionaires. here s house speaker kevin mccarthy on fox s sunday morning futures. this budget talks more about equality and climate change than it does dealing with china, dealing with fentanyl, dealing with putting our work force back in the workplace from. that is a real challenge. to be delayed by this president more than a month to release his budget and to have a nonserious budget. reporter: so both sides can t come to agreement on a budget, we could have another one of those showdowns at the end of september, the end of the fiscal year, and that ll be starring chad pergram. arthel: when will we be able to see the gop budget? reporter: that s a very good question. it s kind of like a game of poker, the republicans are saying let s see yours, then they ll show theirs in terms of cards. [inaudible conversations] they have not indicated when they re going to give it. ....
What should have been done years ago which is making sure that billionaires are paying their fair share and corporations are also. their evasion of their taxes is what s led us to this situation. reporter: now let s see what s in president biden s budget, a 5.2 raise for federal employees although it s notable the average federal worker makes about twice as much as the average american worker. a cut to defense when you factor in high inflation. many want to see u.s. forces grow to handle a growing chinese military akin to what we saw in 1930s germany. the budget s going to increase taxes on those making over 400 grand, and there s going to be a 25% minimum tax on billionaires. house speaker kevin mccarthy appeared earlier on sunday morning futures. this budget talks more about equality and climate change than it does dealing with china, dealing with fentanyl, dealing with putting our work force back in the workplace. ....
The president says that his budget will solve our financial problems in medicare and social security, that s not true. anything seems possible when you don t know what you re talking about. reporter: house democrats rushed to the president s defense and support his taxes on wealthy americans. it s a bold and compassionate step forward, but we have to do what should have been done years ago which is making sure that billionaires are paying their fair share, and corporations are also. it s what s led us to this situation. reporter: now, let s see what s in the budget. a 5.2% pay raise for federal employees although it s notable the average federal worker makes about twice as much as the average american worker. $842 billion for defense, a big number, for sure, but it s really a defense cut when you factor in high inflation. and many want to see u.s. forces grow to handle what officials say is china s growing like ....