larry: hello, folks. welcome to kudlow, i'm l arry kudlow.

well president trump keeping slashing big government, now saving our showers and light bulbs, we have an interview with russell vought on that. and house majority leader steve scalise will tell us if we will see one big beautiful bill. and emily compagno and miranda devine weighing in on democrat, derangement send roam, chad pergram is live on capitol hill first. reporter: goorc good afternoon, there is tension between house and senate, senate budget package focused on border security, telling senate republicans that 175 billion dollars is essential now for border security. >> we're living on borrowed

time. i've never been more worried about terrorist attack on our homeland than i am now, sooner we can give i.c.e. and other people money to free them the better off our country will be. reporter: graham is forging ahead with his budget blueprint, focusing on cuts taxes and spending. jodey arrington hopes to enhance his unfinished bill thursday. >> strategy that gets the multitude of objectives in play from security package to the economy package, have to be done in one big beautiful bill. the president stipulates and high supports us on that. >> what do you make of senate move. >> we're not focused on the senate we're focused on the house. reporter: senate poised to prep its bill in committee

tomorrow and thursday, they could debate bill on floor next week, house speaker kcal assignme mike johnson is not impressed. >> i'm afraid it is a nonstarter. but, i told my good friend, that i have to manage the house and the best only way to be managed they have to give us or patience. reporter: johnson plans to codify some doge cuts in the budget plan, this is has democrat protest doge, democratic leader ratified -- rallied rather with government unions on capitol hill. larry: great, chad pergram, they are all republicans, you wouldn't know it, they are. reporter: the clash right now. larry: yes, sir, thank you for that report. >> all right president trump is making showers great again. that is the subject of the riff. i coni -- can't thank president trump enough he is making showers great again.

i can take a real shower. with the water pounding down on me. not some puney biden drizzle. it will be a wonderful feeling. i have missed it i believe millions of others people the same way. now, why do they say this. >> this morning at 6:57 a.m. president trump told epa administrate or lee zeldin to go can to mr. trump's old environmental orders that were terminated by biden on water standards and flows, you can let the water rip. after 4 years of missing it note just a great shower but in the sink too, you can really wash your face, bet a better shave, wash your hands as often as a want with strong live water glow, not like a third w work un-- third world country or europe, and toilets can

flush with a flick of the handle. your dishwasher will clean the dishes. because it will have a strong water flow and get the job done. and ditto for clothes, trump washing machines will get the stains you on you could never do with biden's puney water trickle, you is read again, president trump is going back to common sense standards on in incandescent light bulbs. now, i look forward on a return to reading great books like "the art of the deal. time to get tough, why we want you to be rich, and so on and so forth. all so inspiring. and for me by the way that includes james lee ber kin,

and luke at davenport, a wonderful prospect. take a good shower. read a good book. and sleep soundly, and wake up fresh the next morning to a golden era of peace through strength. just think of it. that is the riff. all right. now joining me for his first tv interview since rejoining the administration, my friend omb director russell vought welcome to show, i hope you look forward to a great pounding trump shower. >> i do. thank you for having me on, i think one of my most enduring memory from first term is care and passion president has to get back to common sense. larry: yes, russ, a bunch of things, thank you for this interview. we appreciate it. first, all this carping and

yelling and screaming at elon musk and so forth. all the guy wants seems to me is a fresh audit on the federal programs and federal agencies that there is nothing unconstitutional about it i don't know what people are talking about, i'm assuming this will work, it will save trillions of dollars, and he will be working with you at omb to eimplement this, you can tell us about this. >> absolutely, we have a great partnership, he is a patriot, we talk a lot. we stay in close coordination, he is doing what every business owner would do in the country, which is to get a handle on when their expenses are, every family does that, what is discretionary, and wasteful. and they take a stock of it, we're finding that there is tremendous not only waste but a lack of control in the federal agencies where money just goes out the door, all

that has been done is a programmatic review, that is what is being didn't say, we want to make sure that the contracts are consistent with what president ran on with d.e.i. out of things, and making sure we don't have radical gender ideology pushed through on the the federal government this is what this administration this doge is doing, he is having a t tremendous impact. omb is exciting about coming alongside him. larry: he is uncovering fraud. i think that is important. he is not making new policy, he says, are supposed to go. >> a to b with this money flow but not getting to be it is to all the side roads, and that is not what congress intended that is how i see it, uncovering fraud should be a good thing. i don't know why democrats are out there defending barr ad bureaucracy or fraud,

usaid is one example. >> he is putting them in a position they have to defend the indefensible. all we to get a handle on waste, the inefficiency, and the fraud, and the degree to which the agencies have been weaponized gains american people, usaid is a perfect example half to waste our taxpayer dollar to push ideologies that host country don't want but destabilize their foreign policy. why would we spend a dollar on that money, and that is what we'll see each every agency we look and turn to do get a handle on. larry: and let me play some tape of, this is related subject, great lawyer former justice department, john yoo. you will recognize this russ vought. play some tape on this. >> president from thomas jefferson on, have exercised some kind of impoundment

authority, trump can't be forced by congress to spend money unconstitutionaly. you can't say here is 100 million dollar, you can only hire qu white people. i think that president has a right to pause spending as he has, said i can find ways to spend tax payer dollars more efficiently, if congress built a bridge for a billion and trump is for 500 million, i think that constitution gives president that discretion. larry:s revos reruss vought, if congress says build a bridge for a billion and trump said i can do it cheaper, why not impound the up used 500 million. >> look, president has recognize that 200 years of presidents have had the ability to i impound funds do a better job of controlling cost, agencies

have formal power crease -- normal bureaucracy approach to use it or lose it, if try safe money in end of 4th quarter, and do things smarssmartly that violates the act, we see at end of 4th quarter, flat screen tvs and cope machines in halls of every agency they are just trying to push it out the door, president is aware of authorizes other president had he put forwardo campaign trail ideas on that, we don't have anything today this is something we had aware of the pow they're should exist with the executive branch. larry: you will put together a new budget, it will have economic growth and will it show balance at the end of a certain period of time? >> you know that is the fiscal goal i try to give president options ohe made that really clear in the week. we're just getting started with our fiscal year 26

budget process. i don't have anything on that to announce, you know budget president has put fforward in the past. and then it went after the welfare and getting people back to work, increasing labor force participation, they are types of things that were in past budgets, we're getting started with that. larry: work requirements is this in it. >> they have been in past budgets, we need to start that process. larry: if you extend tax cuts, you go to new tax cuts, trump 2.0, let's support over 10 years, you can produce three% economic growth, the cbo saying you can do 1. 8%, the difference could be close to 3 trillion

dollars of added revenue that is dynamic scoring that is the laffer curve, can we fit that thinking in to the next budget. >> it is critical we have to have dynamic growth, and pax pom -- tax policies that president ran oit is common sense to do and reflect in a budget what is occurring in real world that is beyond the stat static approach of biden administration to a higher trump economic growth rate. larry: today president put out federal agencies to work with doge and find ways to cut the workforce. also before that, i guess about 65 thousand people decided to retire, and take a handsome severance package, even courts seem to be interfering, what is your outlook? can we shrink federal

workforce? >> i am excited about eo that was signed, i think that is next step in able to get a handle on the workforce, this is more action and activities that we can to the president can move forward unilaterally with laws on the books to have reduction enforced that is riffs, to say, for efficiency of agency to better serve the agency ability to meet the needs of american people we need a smaller workforce, a more efficient workforce, the rif does that that is the next phase. larry: coming back to audit and search for fraud. elon musk will do it, you will do it. courts certain judges, they are saying, that only career bureaucrats can see sensitive information. but political appointees,

cannot. this came to a head over the battle in treasury department. so, if i take to the extreme, treasury secretary scott bessent, who is a political appointee, by the president, he can't see sensitive information. my point is that the judges are getting silly, i don't know how and when this will be resolved. but there a certain, a pro poa prepost rouse notion they can't see it, do notnnot understand it. >> it defies common sense, and the constitution. but reality is this is a key pillar of the democrat's administrative state, one of their principles is that career individuals and not political appointees are those that want to rely on making decisions and shielding those of us who

political appointees from actual information we need to make decisions based on what president would do if we-- he was in our shoes, you can't do that without access to information and tools at your disposal to make sure that everything is going across your desk you need to know to be a sound representative of the president. larry: seems to me an instruction to presidential authority. russ, it is reported you spoke with republican senate conference today. you need 175 billion for border security for the wall and related measures. did you actually say that? i want to fold that in can we get one big beautiful bill russ vought? >> well, president wants that. i think we also need to get moving -- we need house and senate to move to resolve their differences get asch as president's aj agenda

done, one of those aspect is border security funding, we're facing a shortfall in i.c.e. accounts, we can get through a few more weeks with reprogramming we have to have beds to ensure that we're not catching and releasing individuals. and tom homan and stephen miller and others are doing incredible job, secretary kristi noem about 42 thousand i.c.e. beds, we need substantialy more beds to continue the work. we put forward a proposal today, in explained it to senate republicans, we'll do the same with house republicans, but this is a critical need. something that both house and senate have to reconcile with. larry: you mentioned, i get this. you need more spending to border. why not put it in to one big beautiful bill? that is what president would prefer. and i am not sure why it's so hard, or you couldn't get

it done by memorial day. you are an ace budget guy, you can do it. >> our message today is speed, action. we want to encourage bills to move forward in house and senate today was senate, they have different aversions of it our hope that they move forward we get to a point to vote on bills, vote to president's proposal he can signed to law his agenda. larry: russ vought, wish you the best of luck. con dcongrats thank you. >> thank you, larry. larry: you bet. >> coming up on kudlow, will there be one big beautiful bailout of the house. >> we'll ask house majority leader mr. steve scalise when kudlow returns. you can watch kudlow monday through friday 4 p.m., right here on fabulous fox

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>> that is a lot of money. >> we'll take in tremendous amounts of money on tariffs, we'll have tariffs, take in tremendous amounts of money. larry: there you have it. president trump during super bowl with bret baier, joining us now, house majority leader steve scalise from great state of louisiana. what is happening here? i guess i'll ask, is there going to be one big beautiful bailout of the house? -- bill, coming out of the house, a budget resolution? any sense of timing? >> great to be back with you. larry, we have talked about we're strong advocates of one big beautiful bill, in you just had russ vought on, a great friend, we were talking to earlier today

about some of the process. but, if you look at the various bills out there, and senate is doing their own thing there is one bill that addresses all of priorities and needs of trump. that is the house bill. because it doesn't just deal with border, we deal with whole 1 75 billion this russ vought talked about for the technology for border agents and defense spending, it deals with making sure that we renew the trump tax cuts, and add those items like no tax on tips, that president trump talked about at every rally. he really believes in it, it is important, it is something that a lot of people are counting owe'll do those, in our bill, starts with the budget we're finalizing details with budget committee, they are looking to go thursday to actually move the budget out of committee, we still have

a couple final pieces we're tweaking, i feel confident we'll get there, then we start process, in march, circle your calendar, you will see 11 different committees in house taking action in the month of march to deliver on all of these promises, on top of that, that is one big beautiful bill, american energy production. finally opening up from the gulf of america in my district to anwar and alaska, and every point in between. america is rtd to ready to produce more merge, joe biden and kamala harris shut it down, president trump will open it back up. larry: russ vought suggested that president would prefer one big beautiful bill, you say you get a vote thursday out of committee, that would give it a leg up. is that the plan? thursday vote? >> that is the plant, right now, you know one or two

details that are purpose, need to -- important need to be worked out. we're having conversations to resolve that, we had a lot more things that needed to w worked out that we did, last week president trump had us to white house we spent about 5 hours hammering out most of those details. and president trump is engaged in this, he cares about this a lot, you know not just a campaign promise he know its help get economy moving again, and most important this will put more money in the pockets of hard working families, if you don't renew the tax cuts about 80% of all individual rates on american families will go up, amt, comes back, and kicks middle class families in the gut, 199-a, every small business in america knows it, that expires at end of this year, that is the ability for small business to get same fair tax treatment that a

large multinational corporation gets, you take that away from small business owners they see a doubling in their tax rate. that would crush many small businesses. we need to keep all those tax rates where they are, what trump did in 2017 to lower the rates created millions of jobs put more money in pockets of hard working families. we don't want it to did away. larry: i am -- i would like blue collar boom started as soon as possible, working class vote put mr. trump in. and also helped house and senate. you know, the 15% tax rate for american-made products is important tax-free tips, and tax-free over time, seniors that special. russ vought, mentioned, in

his budget, whatever they will put up, they have dynamic scoring, if run 3% growth rate for next 10 years, instead of puney 1. 8% from the congressional budget office you pick up 3 trillion in revenues that is real money. >> that is what happened -- you get this economy moving again, like we did in 2017, you see economy growth like never before, and you see individual wealth, wealth for families, at every income level, it you were lower or middle income you were struggling to get by, that tax cut plan put more money in your pockets. a lot of them take family vacation, bret baier asked the president in that clip, how will you pay for it nobody -- if taxes go up on people, that would crush our economy that would kick people who are already struggling, low and middle income family in the gut.

no body cares about them but president trump which is why he got elected. when you keep these good tack policies in place, you get that growth, but we're cutting waste, look at what doge as identified wire identifying similar waste, improper payments to people illegally getting things like social media benefits, medicare, medicaid, programs that good hard working americans paid into, illegals are helping bank rum bankrupt, let's protect their programs, that saves real money, put work requirements on some welfare programs, a lot of people that turn down work 40-year-olds living in their mom's basement, they are turning down work. they can sit home, but they should not be paid by tax payers. they can work in the real world, and help contribute to society. when they work, they can get out of their mom's basement and get their own place.

we'll do those things too. that helps pay for it, and economic growth. that will come. larry: last one, sounds like, mr. trump raised it with bret baier. his reciprocal tariff strategy will yield revenues, you can make 5 to 10 year estimates on that revenue yield, and elon musk, doge audit for fraud and so on will have savings you can put in 5 to 10 year estimates on that. in to this budget. >> so far congressional budget office, we fight with a lot, but they are the designated quote, unquote rereferee, they will not give you a score right now on what doge is doing, it could a trippion dollars. -- trillion dollars. what you are seeing on other side. all those things will yield

significant money, nobody knows what the tariffs, reciprocal tariffs, yielding president trump's says trillions. you know even if hundreds of billions, cbo will not score it but it gu goes to deficit reduction. larry: you have to roll them, roll cpo, just roll them. >>wog big bill. larry: just roll cbo. >> they are not writing our bill. you have more understanding on what is happening than they to. you know, we have to get moving, we're delivering? house majority leader mr. steve scalise from great state of louisiana. >> thank you. larry: on kudlow, democrat strategy is to defend bureaucracy, and fight

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>> hard to believe that judges' to try to stop us from looking for corruption. >> you have to have one that is responsive to the people. that is the whole point of a democracy. we have an unelected fourth unconstitutional branch of government which is p bureaucracy. larry: that is true. socialist regulatory state. and trump and musk are doing right thing, joining us to

talk about it miranda devine fox news contributor. and emily compagno co-host of out numbered on fox news, author of under his wings, welcome. let's start with this. miranda, basic democrats are basically defending bureaucracy, depending regulator opposing all of those audits of fraud, and opposing anything that reduces federal spending, they love bureaucracy, what kind of message is that. >> tells everyone, including their voters corrupt to the core. they defend their slush funds, to the death, the bureaucracy the slush funds corruption, the waste and abuse, above anything else they have cared about. they never cared about the victims of illegal migration, and et cetera. i think that americans look

at that and go hang on, where are your priorities. larry: i think emily, if you pull -- polled, do you want to shrink size of government, is it too big, does it regulate too much, it is 80-20 issue and democrats on 20% side, i don't understand how they can be so stupid. david: and obtuse. we heard today for example, a lot of our elected officials, shouting about how president has started forcibly removing people from government. when that particular issue could it be further from truth, he gave choice, what kills me. is how it has infiltrated the active judges, not only defending that spending, the opassty of government our tax dollar fund, but also blocking why do we want biological males in biological female prisons, why do your taxpayer dollars

pay for con cont s -- cont tra representatives in all female prisons. they defending on dollar that radical view that i thought, november 5 send a mandate we don't want it any more. larry: usaid found giving money, sending money to terrorist groups, we know that. who the heck will defend that, just -- i want to move on. democrats are essentially defending it they don't want usaid to be dismantled r or reduce, they are defending it. >> they lie about it, pretend it about feeding starving children. >> starving children. >> and resist the intelligence that has been out there for some time, pointing out we have been funding taliban for years,

millions per week and after we paused usaid, or foreign spending, we're still funding 43 million per week to taliban, closed eyes and ears go bo beyond dollar for dollar. larry: miranda, mr. trump stripping security clear clearances for joe biden and antony blinken, and stripping them in new york for letitia james, and alvin bragg, that means they can't enter federal -- their federal clearance is stopped. that is tough stuff. >> it is, and in a way it is symbolic slap in face to the two of thing, possibly a prelude to things that come when they did to president trump was so politicized and dishonest and corrupt, you

can't just let it go, this is a matter of a reckoning, a signal, you know, there is more to come down -- jims. larry: 2 can play at this game. >> weaponization is out of favor, they can't go to federal courthouses. lets them just, what is that put that in their pipe and smoke it. >> reality they are state actors, who campaigned on prosecuting an individual that is former president that a now current president. you reap when you sew there is no, definite, access to the federal cur sent, absolutely should we find an actor to be so deeply insidious, without favor or fear of any party, that is not those two. larry: i don't know if you love geography and reading maps as much as i do, i was

skimming through google map we have a full sween, to screen, oh, my, there is on the teleprompter, that says, the gulf of america. gulf of america. >> how fantastic. i love it. i just think it is shows that president trump his word is our command, there you go. gulf of america. i think that is a proud thing to say. i am disappointed that google maps has still leaving it as gulf of mexico in mexico and for the rest of the world, it is give category them a choice. gulf of america america/mexico. that is a cop-out. larry: emily, president trump told "new york post" he is not deporting poor prince harry, he has enough problems with his wife, she is terrible.

almost unanimous. >> i also feel that the heaven on earth that is santa barbara, aside from california politics, at leav at least he has that. >> he was funny, he sort of didn't want to answer that question. larry: in your interview. >> i put it out there i knew it would go around the world it did, he said no, leave them alone, he was trying to be kind. >> lifting federal prosecution of mayor adams is new york, why? and quid pro quo, and eric adams a republican? >> i think it about weaponization. whether or not eric adams was a victim of lawfare, it looked like that, when he spoke up gabe the illegal migrant crisis and went to joe biden demanding attract de-- extra

money, suddenly his staff and he i'm himself indicted. it is a favor to eric adams and let's hope that the "new yorkers" get something out of this. in way of you know lower crime. >> emily, just last one. the spirit question. just still been a few weeks i'm prepared to argue, that spirit of county, culture of country, the economics of the country, the foreign policy, everything has changed in just a couple of weeks, it is most remarkable. >> it is considering that i think we take in stride historically how easy devedevedeve disv destruction is. it goes to that topic of the

charges against mayor adams, argument in pleading was interferes with his ability to tackle the illegal immigration problem, and critics on other side saying new yorkers deserve better, as a new yorker, i deserve to have illegal immigrant and crime situation nipped in the bud and mayor to be lift alone to tackle problems that my tax dollars pay for or. >> maybe he is getting rewarded for that. we could take a good hard shower i like that. >> thank you to miranda devine and emily compagno terrific. >> thank you. >>,. larry: you can ca catch emily on out numbered. >> coming up reciprocal tariffs. and is fed pumping brakes against president trump we have breitbart's john carney up next i'm kudlow be right

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larry: joining us now br breitbart economics and finance editor's john carney.

he does not rail on. >> he would ask who will pay for the tariffs, and he said, some tariffs are paid for by consumers others by exports and others by currency change. he is -- they were trying to bait him in to bashing tariffs, powell did a good job of saying one that is not my job. i run the fed. that is correct. but two, he told them the truth, which is you have to wait to see how tariffs work out, we don't know what are going on he -- does not make sense for fed to start trying to you encounter it. >> another interesting thing, the reciprocal tariffs, we're not using universal tariff baseline. reciprocal tariffs give trump i think more elbow room to negotiate art of the

deal, which is good. and i think that reciprocal tariffs are a path to free trade, i think in his heart, hardly anyone that lives believes me, heart is a free trader, he you know, tax us, we tax you, but you tax us less and we'll tax you less. >> you are right, trump has faith in american worker and business, to be able to compete with anyone in world as long as we have a level playing field, all of our allies, in world run giants tariffs and trade barriers whether formal or a vat tax our imports to their country, but don't tax their exports. so they run that, it puts us at a disan vantage, trump will s no more that is over. it goes to cold war, we did it to beat communism that is over, everyone else should

level the playing field. larry: standing up for america. , and i think it will work out. you are not expecting fed to cut interest rates soon? >> no, i don't think that -- i think they are done for the year. they -- if inflation continues to come down, maybe they will think about it next year, market thinks they have one or two left, but they are wrong. larry: are you worried about explosive price of gold? do you know if we revalued our goal reserve we would -- gold reserve w we would add 800 billion to u.s. balance sheet. >> a sign fed s still overly join generous with monitor policy, we're about two years ahead of where we should be in m2 growth. larry: insisting, gold as done well. i would revalue it, put -- really. >> it makes sense.

we have a lot of gold. larry: we'll see you later in the week, breitbart economics and finance editor john carney, i'll be back a withre my last word. safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. it's a smart move to get a second opinion. you do it when you're looking for a contractor. you definitely do it with medical advice. so why not with your stock market investments? we can help you see opportunities you may be missing. at hennion & walsh it only takes a second to schedule your free second opinion. so what's there to lose?

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