budget. the e.p.a. and state department would see the largest cuts, while the defense department, veterans afairs and homeland security would see the largest increases. this portion of the white house briefing is 25 minutes. >> thanks very much, good afternoon and happy day before st. patrick's day, also known as budget day. most of you heard me talk about the budget before, i'm not going to say too many things in opening before we get to your questions. we will remind you this is what we're calling the america first budget, we had an america first candidate, we now have an america first president and it shouldn't surprise anyone that we have an america first budget. you've seen the details as we talked about last week, $54 billion of additional defense spend, we have more details today on where that money is going. we have increases at the v.a., increases at the department of justice, increases within the department of homeland security for things that include border security and immigration

the budget, as we have said over and over again in this room, the budget, the federal budget should be a statement of our national values. what is important to us as a country should be reflected in how we allocate our resources in the budget. this budget is not a statement of values of anyone that president trump has shown he does not value the future of our children and working families. it fails to recognize that the health of america, the strength of america does not just depend on our military might, which is very important, and we all support, but also our strength springs from the healthy, education, and well-being of the american people. our strength depends on the power of our diplomacy, the health of our economy, and the vitality of our communities. all of which are undermined by the president's budget. it spends billions of dollars at defense while ransacking america's investment in jobs, education, innovation, clean energy, and lifesaving medical research. it will leave our nation weakened. again, we all understand and respect our responsibility to protect and defend the am

the budget has not come down as much. the budget is still above that average. i want to frame this for you in big picture terms. we have a small but expensive military. however, one last word just to frame things, it's expensive in absolute dollar terms relative to the size of our economy it is pretty modest just over 3% of gross domestic product. when the cold war average is typically 6%, 8%, even 10%. so as a fraction of our nation's economy defense is modest. as a fraction of government spending it is one-sixth of the total. we still have a huge deficit and therefore all government programs will have to be watched vigilantly and carefully even in a trump administration that wants to make america great again and make the military great again. so thank you for tolerating that primmer and now let me begin by asking tom wright a big picture question, having read the book already i know he is concerned about the state of the world and wants to shore up american power and reinforce deterrence of russia and china. i want to invite you to explain about where you thi

i am a budget hawk sponsoring the balanced budget amendment-working on this for years. so, i don't think anyone could accuse me of being a big spender, that's what they've done here is they've gone into the wrong areas and i would rather go in and cut the big corporations that have made huge profits and let them through the regulatory process whether it is wall street, telephone companies, cable companies, have you ever tried to deal with these people? don't want anything to do with the town under 10,000 people. so, what do they do in minnesota lax in my district they carve out every town of eigh count ofo 10,000 people were bigger and he kept that and a band and everything else. the only reason we have any services because he took that area and put it into co-ops and funded through the farm bill. i don't think most people understand these guys are operating under a monopoly we gave them the authority to do this as a government. and it's wrong. >> i think the one area of cuts that would find widespread support among republicans is the cuts to the epa that seems to be on

that's at bbc.co.uk/ budget. the top story. the chancellor's budget — he hits 2.5 million self—employed with higher national insurance contributions. an extra £2 billion is found for social care in england to be spent over the next three years. coming up in sportsday on bbc news: jose mourinho says the rostov pitch isn't good enough to play on, but uefa says manchester united's europa league tie will go ahead as scheduled tomorrow. are you being spied on as you're watching the news tonight? is your television hacked into — so that the intelligence agencies can listen to your conversations? that's the extraordinary suggestion in documents — apparently from the cia — released last night by the organisation wikileaks. today the companies which make the devices say they're urgently investigating the claims. here's our security correspondent gordon corera. could your tv be spying on you? if you've got an internet connected tv, that might be possible. secret documents show how the cia have turned tvs into bugging devic

this is actually a pretty short budget.ut it was significant. big reviews are now in place on how we taxed the new world of work and the self—employed, and how we pay for social care. now a little bit more analysis coming up in newsnight. philip hammond's first budget. it was dropped for the giants. —— fairer. bear with me, i have a tendency to defend. disruptive technologies like biotech, drivers as vehicles, this is something i think the party opposite knows about. under the last labour government, corporation tax was 28%. and by the way they don't call it the last labour government for nothing. the right honourable gentleman opposite, so far down the black hole that even stephen hawking has disowned him. but behind the partisan gains, he is dropped and ma nifested partisan gains, he is dropped and manifested pledge not to raise national insurance. the main rate for the self employed will increase from 1% to 10%, with a further 1% increase in april 2000 19. overall, it did feel like a new era in budget policy making. in m

budget.> it's probably one of the most compassionate things we can do. >> cut programs that help the elderly? >> you are only focusing on half of the equation. onare trying to focus recipients of the money and the folks who give us the money in the workplace. we arempassionate to say not going to ask you for your hard earned money anymore. single moment you in detroit, ine us -- single mom of two detroit, give us your money. unless we can guarantee to you that that money is actually being used in a proper function. that's about as compassionate as you can get. host: mick mulvaney, the full briefing is available at c-span.org. this is what the "new york times," looks like as we listen to mark from orlando, florida on the democrat line. caller: good morning. that -- fors example, the funding of the f-35 program -- you would have been cheaper to build that plane of solid gold. and it still doesn't work. they try to cut the cost down on it by eliminating the proviso two there needs to be engines

to be a tight budget a cautious budget a careful budget and a carry on budget.o focus on, the chancellor has choices here, doesn't have too continue with austerity and he could find extra money, for the nhs, or prisons and indeed for social care if he wanted to, because we know, tax receipts have improved a diddle bit over the past few months. the level of borrowing has gone down a bit so the thinking is that mr hammond has got a bit of extra cash which he could put into those key public services if you wa nted those key public services if you wanted to. but say labour is used choosing not to. that will i suspect be the thrust of the labour argument. interesting to see whether mr hammond has any white rabbits to pull out of the proverbial hat. traditionally george osborne and gordon brown, white rabbits were flying all over the place, this time you wonder because it is not really an philip hammond's normal political psyche to do that sort of thing. he's quite a cautious operator, not one of west was the's showmen shall we say. not one of westminster‘s showmen. w

a balanced budget? what year? >> i don't know yet. we are getting into it now. by mid may, we are shooting for, we'll have a larger budget -- >> first term? >> i don't know yet. we don't know what health care reform will look like, tax reform, the infrastructure program. those are the really big picture items we won't know about for a couple of months. >> we'll have to leave it there. mick mulvaney, thanks for coming on. >> thanks for having me. >>> on health care president trump is working to get the republican support in the house and the plan to get through the house but the obamacare replacement faces tough on session in the senate as well. if all 48 senators vote no as ex3ek9ed the president can only afford to lose two republicans. now there are four republican nos. rand paul, mike lee who say the bill is too generous and dean heller and susan collins who argue the bill is too harsh. senator collins of maine joins me now. welcome back to the show. >> thank you. >> you were very tough on the house b

but, as we are in the budget committee characterizing this budget called america first actually puts american families last and that is what we can say about the agenda. thank you. >> thank you. i associate myself with the remarks made in a lot of different areas and i think one of the things that this budget demonstrates is the danger of writing a budget plan you don't have an agricultural secretary at the table to advocate for their agency and i don't know that the administration so much wanted to go after certain things as much as they didn't understand what they were doing. and this budget looks like it was written and probably was at the heritage foundation as a word for word replay at what may have been pushing for years to. they have a whole different view of the world and i think that there is very little understanding or concern when it comes to small town america. i could go into the problems that have been caused for us in terms of trying to survive out there because the government has allowed the big monopolies to go out there and leave us without anything. so you let the

host: the budget is on the way from president trump and the new budget and here to talk about we are joined by dr. 60. and also stand colander. gentlemen, thanks for joining us this morning. i just want to show a chart to start off. this is a rural spending in 2017 and the amount of mandatory spending in terms of trillions of dollars is two point $7 trillion. nondefense and discretionary interest on the debt, a smaller fraction of that, but still obviously a big president andhe congress decide. the president came out on a joint session to the night and gave his outline of where things stand. what did you hear from president trump and what do you think is missing from the budget so far? guest: i think he signaled a big fight over spending priorities, but not necessarily on the amount of spending and it overlooked the fast-growing mandatory program. all the focus was on the discretionary part of the budget and as we look at the budget -- we need to turn attention to that. he called for a large increase in defense spending. that is the -- will as a result in additional dollars per it i

is the same budget spending in total amounts as under obama. the fact is even this little a cut is amazing because of the heat from both sides. republicans using scare tactics, the defense budget one of the few parts that doesn't -- isn't going up enough to humor some people who think we are not safe either so with all this pressure from both sides we are going to see final budget that isn't going to be a reduction from last year at spending at all, it will be an increase again because it the end of the day we are never going to see discretionary spending going lower than it is now. it is not that high relative to historical levels. we have to direct the problem towards lack of revenue to cover these programs and entitlement spending. look at the heat over a small change in the grand scheme of discretionary spending. dagen: people on the left and liberals lost their minds this week because the national endowment of the arts and national endowment of the humanities were eliminated. maybe we don't funds -- nobody could afford to go see in the fir

changing course from a soft power budget to a hard power budget. it is a message our adversaries and alice should take. yes, ma'am. >> eliminating a lot of funding , just to follow-up later. >> a couple of different messages. about science and climate change. we will focus on core function. nationalist is for health, why? thank you. why? outside they do things of core functions. we recommend a couple of facilities, cough savings for that. person the business review of government, you are the ceo and you look at a spreadsheet and you say why can we do this if we can only do with three. part of the answer is focusing on efficiency and doing what we do better. regarding the question of climate change, the president was fairly straightforward. we consider that to be a waste of your money to do that. if specific tie to his campaign. >> you mentioned it is one of the programs that determines -- that has not been doing the job. what efforts are you using to make the statement? >> my understanding from having been in state government, i have been run sever

it was an awful budget, the brexit budget that dare not speak its name.biggest single risk to the uk and scottish economy. he's confirmed he's wedded to the welfare cuts, punishing the poorest and the most vulnerable. an appalling budget. taxes are on their highest rate for nearly a generation. wages are declining, when you unmask the creative accounting in the budget that is the reality of westminster economic policy. a strong backlash, then, for a relatively small—scale budget. but fierce controversy is normal now, on britain's long march to brexit. john pienaar, bbc news, west minster. for the economy there's little change. it will grow faster than expected for 2017 but then fall back to grow more slowly. government borrowing will be lower in the short term, but over the coming five years we'll still borrow over £100 billion more than forecast at the last budget. andy verity has been studying the numbers. in the autumn, the outlook was gloomy. convinced that the prospect of leaving the eu soon would hurt the economy soon, the office for budget responsi

we have a lot to lose under this proposed budget. this budget is no new deal for black americans. as a matter of fact, this is no deal at all. we clearly understand that this means cuts in health care, education, affordable housing, and food and nutritional programs. this is no deal. because we understand that we must make investments. if we're talking about moving america forward, and we're talking about making it what we know it can be in terms of america, we must make this investment. but we cannot make these investments. we cannot be talking about both -- talking out of both sides of our mouth. we cannot on one hand say, what do we have to lose? and then on the other hand do nothing in the budget whatsoever. so it's clear, mr. speaker, that we have a missed opportunity here. but i'm proud to stand as a member of the congressional black caucus and join with all of my colleagues as the chairman of the congressional black caucus has said, as being the conscience of the congress. it is important to understand that we don't take that lightly. that's why we stand here today, mr. spe

>> that is correct, and in the program budget there is a 4 million dollars left in the program budget and that has been set aside that we have been working with the department of public health to prioritize a lot of the needs and wants. and it has been a long project and as for the long projects we also drives a lot of the new scope and that is part and parcel to the nature of the hospital operation and trying to make it as safe as, and the patients will have a good experience. >> thank you. >> we are going to public comment at this time. any member of the public that would like to comment. >> come up. >> seeing number, public comment is closed. supervisor, >> all right. so i think what we, do we have to take a motion to place the 392 on reserve in or is that just embedded in this? >> it is embedded. >> okay, so i will make a motion to send forth this ordinance with the positive recommendation to the full board. >> without objection that motion passes. >> next item. >> on the aagain ta, item three. >>hearing to consider the release of reserved funds to the sheriff's department, placed

for you, let us underline the themes of this budget? huw, budgets can com pletely of this budget?y was not a vintage moment, but it was significant because this is the first budget with theresa may and philip hammond in charge. it was a mixture of short—term tweaks but a glimpse of what they would like to do in the future. there were promises in different areas of longer term solutions. broadly, the picture is still not very pretty. the cuts will go on. the documents today suggest that millions of people around the country, public sector works, people whose benefits have been frozen, are going to keep on feeling the pinch for quite some time to come. 0n the other side, well the debt doesn't miraculously somehow disappear any time soon. the overall back drop, of course of course with uncertainty of leaving the eu as well is pretty challenging. the government has ended up with a row tonight with some of their tory backbenchers very unhappy over this policy that will hike taxes for some of the self—employed. it's not quite clear at this stage how much damage that will do, but i think

that's why we call it the budget blueprint and not the full budget. full budget, which will contain all the rest of those pieces and parts, will be released in may. before i take questions i'm going to do something i don't ordinarily do. i'm going to call on the "new york times" because they're in trouble. apparently, is there -- where's my "new york times" guy? matt flanen himer and alan rap po rapaport. they said i'm the father of 17-year-old triplet girls. my 17-year-old daughter wishes that would have happened but my two 17-year-old sons are really upset. if you could clarify that, that would be great. i'll give you the first question, if you've got one. go ahead. >> we're not good with math at "the new york times" -- >> the math was great. it was the gender that was wrong. sir, during the campaign trump talked about the national debt. you mentioned in your budget message this morning, is there a plan, as the president talked about during last year's campaign, to actually eliminate the national debt in eight years? he said during the campaign it w

got a hard power budget. the omb director said today and yesterday in a background briefing that what the omb didn't put in the budget, they listened to every promise the president made and created a budget policy around that. that's why you're seeing major cuts at the state department in terms of the foreign aid budget. i asked the omb director how much of the 10.1 billion, the 28% being cut from the state department budget would come from the foreign aid program? he said most of it. they're also cutting payments to the united nations climate program as well. there would be big cuts in the environmental protection agency. 31% of its budget will be gone and the budget director yesterday indicated that they would be eliminating 3,200 positions. there would be a 17.6% cut to hhs and a dramatic restructuring to the national institutes of health, which this administration has gone a little off of its direction in terms of what it was intended to do. the budget director said you have to look at both sides here whe

i'm a budget hawk. i'm a sponsor of the balanced budget amendment. i have been working on this for years. so i am not a -- i don't think anybody could accuse me of being a big spender, but what they've done here is they've gone into the wrong areas. and i would rather go in and cut these big corporations that have made huge profits. you know, we've let them do through the regulatory wl street or big telephone companies or cable companies. have you ever tried to deal with these people? they don't want anything to do with the town that's under 10,000 people. you know, so what do they do in minnesota? they carved out in my district every town of 8,000 to 10,000 people or bigger and they kept that and they band everything else. the only reason we have service is we took it into co-ops and funded it through the farm bill. i don't think most people understand it. these guys are operating under a monopoly that we gave them the authority to do this as a government. it's wrong. mr. yarmuth: i think that the one area of cuts that i think would probably find wi

most of your budget deficit. for example, you could cut the agriculture department to zero, hhs to zero, hud to zero, the fbi to zero and you'd still have a deficit this year. so over the course of the next decade we'll have to look at the mandatory spending side in order to figure out a way to make changes to the way to spend money. >> have you figured out a way to pay for the trillion dollar infrastructure yet? >> no. in fairness, one of the neat things about having a businessman in the office and the private sector is they've brought ideas that i don't think government has contemplated before, public-private partnerships and really create of ideas. listen, i'm a deficit hawk. it's why i think i got the job and the more i hear about the infrastructure plan the more comfortable i'm getting. >> speaking of being a deficit hawk, the ceiling, we hit it on friday and we'll need a couple of more months. you were a tough nut to crack on the debt ceiling when you were congressman mulvaney. >> yep. >> why should people

be a hard power budget. the document we got this morning makes good oven that pledge. 52 billion being spent on the agency. also increases homeland security by $3 billion. makes good on the president's pledge to take care of veterans adding hrt $4 billion to the bug there. where it takes away though is in the department of state, particularly the foreign aid budget. that's going to be cut across the board. state department by 21%. that's a little more than $10 billion. the epa will also get cut by 31%. and there are plans to eliminate 3200 positions there. then the health and human services department will get cut by about 17.5% with a dramatic restructuring of the national institutes of health as part of that. it also proposes to eliminate some independent agencies including the national endowment for the arts and the corporation for public broadcasting. here's what the omb director said about those two agencies this morning. listen. >> i think the president finally got to the point where he said, do i real

move from a march budget to a november budget.—key today and that is why you are not seeing very much market reaction. there were a few headlines about debt and the economic forecast for growth by up to 2%. what about government bonds? a couple of interesting areas. growth forecasts have been revised higher. the bank of england did this a couple of weeks ago and lifted its growth forecast for this year from 1.4% up to 2%. now the office for budget responsibility has done the same in its numbers published today in dr abbas khan by philip hammond. they are also forecasting 2% growth for the current year. that is a much better backdrop. behind at the office for budget responsibility is much more optimistic about the rate of household spending we will see this year. any winners on the uk markets? some building stocks went up markets? some building stocks went up ever so markets? some building stocks went up ever so slightly when philip hammond talk about infrastructure spending. you are talking about a few going up slightly, but to be

budget. we discussed the funding cuts for the coordinated care initiative which were allowed to expire, and there will be more details on that as we move forward and we're continuing to work on the bay laws reconciliation and there will be -- there was further discussion at our february meeting. >> any questions? thank you. >> you're welcome. >> long term care coordinating council report. >> good afternoon commissioners. i my name is jeremy walen dll berg and with the member with the long term care coordinating council. we m two meetings since last time. the commission was updated so i will be as brief as possible. the long term care coordinating council met brief plea with the mayor's office to make sure we were coordinated on our budget and policy process. >> >> and also what we could do to be helpful to them in light of national changes and trends going on and one of the recommendations was to collect [inaudible] clients and service providers in the city. in terms of the make up of the cou

this is a budget blueprint not a full budget.ull budget won't be here until may, that's where we deal with things like policy changes, revenue streams, that's what most people think is the larger budget but we will be introducing on march 16th the discretionary spending budget. we are not balancing the budget on the backs of the state department. it's fiscally impossible to do. what we have done is move foreign aid to defense so we can prioritize the spending without adding to the deficit. when we get to the larger budget in may, that's when we get a happens to -- chance to talk about larger issues. maria: i see. in terms of revenue in raising revenue while cutting spending, you're cutting domestic programs, you're cutting taxes, we had steven mnuchin on this program, the treasury secretary last weekend and basically he walked through ideas with us about raising revenue while also cutting taxes, we know that you want to cut taxes for most americans, so do you want to see a border adjustment tax. here is what steven mnuchin told u

the president's budget is just a budget request. the real budget will come through the house budget committee. it's -- it doesn't even have to be signed by the president. it goes into effect without his signature. so that's our article one powers. you can be assured we'll look at every item because that's our job and we'll do it no matter who the president. is. >> woodruff: and that's a reminder of the way the process really works. representative todd rokita of indiana, vice chairman of the house budget committee. we thank you. >> thank you, judy. >> woodruff: another piece of the trump agenda is getting attention today: the president's revised travel ban, which hit a roadblock in the courts. hari sreenivasan has more. >> sreenivasan: the first ruling came yesterday in hawaii, where a federal judge blocked parts of the executive order, that would have barred refugees, as well as nationals from six muslim- majority countries, from entering the u.s. and overnight, a federal judge in maryland issued his own block on the six-nation trav

it's a budget proposal, that's why they call it a skinny budget. veterans affairs.e are the gainers, veterans affairs, about $4.4 balance, school vouchers, we know betsy devos is into these and all of the candidates talked about opioid treatment, $550 million more into that. that all comes out of somewhere. this is the epa, 2.5 million, a third of their budget, haeealth and human services, the department of education, 14% of its budget, the department of transportation losing 13% of its budget. mo eliminating funding for long distance amtrak routes, eliminating 175 million for commercial flights to rural areas. office of community services losing 4.2 billion and this is the low-income home energy assistance program for people who are poor when it gets cold, we're taking money out of that, senior and community services are gone, before-and-after school summer programs, $239 million cut from the irs and women, infant and children's programs are losing $200 million as well. i was changing this because there's so much more. >> first of all, i'm going to have to replay t

this is a regular meeting of the full budget. i'm supervisor -- to my left is supervisor tang and to my right is supervisor fewer. and supervisor sheehy. supervisor yee, we need to take a motion to excuse >> yes, i would like to include supervisor kim in that motion >> yes, i would like to include supervisor yee and kim for a motion to excuse. >> tang. >> i would like to make a motion to excuse yee and kim. >> second. >> seconded by second. supervisor fewer. without objection. thank you to our talented clerk, mr. victor young and to our friend adrian -- thank you for assisting us with today's broadcast. could you call item is. >> yes, prior starting, i would like to state that supervisor fewer has been appointed to today's meeting and supervisor yee. in announcements, [inaudible] complete speaker cards and any documents to be included as apart of the file to be submitted to the clerk. item number 1, hearing on the proposed five-year information and technology plan for fiscal years 2017-2022. and requesting the committee on inform

white house rules out the budget. budget this time looks like thi this. departments adding and subtracting. you can see the percentages. defense, up 10%. homeland security up 7. veterans affairs up 6. cuts to the state department, 28% cut in the epa. 31%. what does this mean? will have to get through at these levels? let's bring in the panel. douglas holtz-eakin, eli stokol stokols, syndicated columnist charles krauthammer. doug, you have looked at budgets. what does this one tell you? does it level out? >> it's not a budget. a budget has economic assumptions, tax policy, mandatory spending policy, entitlements. and it has discussions about the annual spending, defense and nondefense. much of it is missing. it's a very narrow look at a tiny part of the budget. >> bret: this is a blueprint. they say they are going to fill in the blanks in may. >> we learned there's more money for defense. i think everyone knew the defense department was badly underfunded but we have readiness problems and we needed to do something. how do you fit it into the big picture? w

the office of budget and management director describes the proposal as an america first budget. the big winners are the military and the department of homeland security. trump is requesting a $2.8 billion increase in funding largely to pay for expanding the border wall and hiring 1500 new border patrol and ice agents. despite the fact for over a year, he said mexico would pay for that wall, which mexico has emily refused to do. the big losers are almost every other sector of government. the national institutes of health with the its funding cut by 20%. trump is proposing a 31% cut to the environmental protection agency and the elimination of 3200 jobs. if approved, the epa's budget would become the smallest it's been in 40 years. the budget calls to end funding for the clean power plan, international climate change programs, climate change research and related efforts. it also reduces superfund cleanup funding and eliminates funds to clean up the great lakes and chesapeake bay. meanwhile trump's budget calls , for the outright elimination of 19 agencies, including the corporatio

as you will recall, two budgets ago, included in our budget that was adopted by the board provision that allows us to, if we have revenues excess revenues at the san francisco general and zuckerber laguna honda transfer funds to the project as we're trying to map out or strategy for funding the project , that was a way that allowed us to capture good news for one time expenditure if we have it. that is still in our budget in this financial report assumes we do make the full $25 million transfer to the project. that is good news reduce the burden we had to put additional funding to the budget because we can do it this year instead so we are on track to have that funded and you will recall, we put additional $15 million appropriation in the second year into that project which keeps us on track with our projected funding need we will have to revise that once we select a vendor and develop the actual spending plan. all the surplus projected in this report is in the controller six month report. controller does a citywide general fund report that is kind of like what we do here but is rolled u

this budget does not balance the budget. this budget reallocates and reprioritizes spending as any family or business would do. this budget does not, for those of you that weren't here last week, does not address the big picture items like policy changes, revenue flows, tax policy, mandatory spending. the top-line spending budget. that's why we call it the budget blueprint and not the full budget. the full budget, which will contain the rest of those pieces and parts will be released in may. before i take questions, i'm going to do something i don't ordinarily do. i'm going to call on "the new york times." they're in trouble. apparently -- where is my new york times guy? matt and alan. okay. they're in big trouble. i'll give you the first question. you have to deliver this message. they printed that i'm the father of 17-year-old triplet girls. my 17-year-old daughter wishing that had happened but my two 17-year-old sons are upset. if you can clarify that, that would be great. i'll give you the first question if you have one.

so the 2018 budget is deficit neutral, but not the 2018 budget.u can see where there might be some willingness to compromise. >> the budget isn't the big fight yet. and march madness is under way, so it's no surprise president trump has launched his own full court press to win support for the g.o.p.'s health care plan. he met in the oval office today with a dozen members of the republican study committee and said affidavit that -- afterwards that he had converted all of the reluctant lawmakers to vote yes on the bill. but the g.o.p. support for this piece of legislation continues to waiver, with more deflections by hard line conservatives. we're talking about the budget. but right now, speaker ryan is thinking about bringing up the bill next week in the house. a lot of my sources say they probably have the votes, but they're a little on edge. >> and we had this -- that it would result in people having less insurance. it would cut the deficit. but it's a big consequence. and it's big things being done in a very fast way, and a lot of people are unc

budget?that we would spend money, day—to—day money, on day—to—day money, we wouldn't be borrowing. and i think if you look at the figures today, it means you would probably have to find something like up to £10 billion, much less than the conservatives have to find that their plans, because they are more ambitious, so if you have to find £10 billion of extra spending cuts or tax rises, what is labour's big idea for making that fit? the government have made choices in relation to tax cuts, corporation tax, bankers levy, in heritage stacks, corporate gains tax. that is a choice we have made in that. we would not have made the same choices. —— inheritance tax. you put that back? they have made choices, and when we get into a situation, we will make that decision. that is an example of choices. you have got to find by £8 billion to £10 billion. that is one of the ways of doing it. you want more spending from where we are now? the other thing, it has to sort of, you know, the reset button in this

full budget that comes out. it's a strange time. you -- the budget mentions a reorganization of nih. is that a reorganization in structure of nih or reorganization as you mentioned earlier of priorities and funding priorities and how we fund things? and if what you're looking at is trying to get more money into the actual research, i think that's important and that's something that this committee would support. >> yeah, i think it's both. we -- obviously, we're not -- we haven't made a presupposition about what the end point is in all this. understanding and appreciating that nih is a massive organization that does incredible work. as i mentioned previously, i think to the chairman, is that -- again, i was struck by the indirect -- the amount of money, 30% of the money that goes out for grants is on indirect costs, which as you y haven't -- isn't for the specific research itself. we ought to be looking at that. that's an amount that actually would cover much more than the reduction that's being proposed. so if,

of the budget.enheard military officials on the republican side, general mattis says something to the effect of if you're going to cut diplomacy this deeply, you need to buy more bullets. and that is not a smart way forward. >> and you're a numbers man. what were you surprised about most in this budget and which almosts could be t elements could have the most impact on people's day for day lives? >> there are so many important numbers. one is the number 70%. that is the number -- that is the share of spending that is nowhere to be seen in this budget. this budget covers 30% of annual intendin in spending, onlgt budget that is appropriated every year. people call it a skinny budget. so we don't have the information we need to judge revenues, to judge deficits. so that's one. another number is just the extent of cuts in the part of the budget that is discretionary, that means that they have to appropriate funds every year that is not defense. so all the stuff that we've been talking about, the heating

it's actually the skinny budget, it's only part of his budget, the full budget is going to come out inof federal spending. heather: let's take a look at some of the winners. the budget winners were the military spending and border wall and veterans affairs. >> yeah, the president has made clear he wants to move in the direction of hard power, he wants to build the military back up, it was cut as a percentage. heather: there are some republicans who wanted more. >> exactly. or one hand you have democrats saying, we don't want to boost military spending and you have republicans saying this isn't enough. he's trying to bring it back in line and he's able to do that with the budget. we will see. heather: no doubt, a lot. in terms of the state department and epa, those are the main ones people were talking about yesterday when this came out. do you think that those numbers will change? >> you know every number is going to change here because this has to go through congress and every single program has a constituency who loves it. probably state department not going to be cut as much. both p

budget. this is far from a final draft so it's hard to say which companies are going to be fighting over some of these new projects and losing business over the projects that get cut. we'll have to see what makes it into the final draft. >> all right. thanks, kayla. kayla tausche. let's send it out to meg tirrell. let's look at the impact on drug and health care. >> the president is proposing a budget of $69 billion. that's a reduction of $15 billion or 18%. now the proposal includes support for areas including hiv and aids and substance abuse treatment centers. the proposal about doubles the fees companies pay the fda to review their products recalibrating the fees to more than $2 billion in 2018 saying, quote, in a constrained budget verne 789, industries that benefit from the fda's approval can and should pay their fair share. while it is a doubling, this won't massively affect the large pharmaceutical companies across the board. they may affect smaller biotechs. now where we could see mor