have — budget for the past weeks and you have his— budget for the past weeks and you have his own _ budgets and you have his own side who - you have his own side who didn't— you have his own side who didn't show— you have his own side who didn't show up _ you have his own side who didn't show up to - you have his own side who didn't show up to discuss. you have his own side who - didn't show up to discuss this. they— didn't show up to discuss this. they voted _ didn't show up to discuss this. they voted against _ didn't show up to discuss this. they voted against their - didn't show up to discuss this. they voted against their own i they voted against their own budgets _ they voted against their own budgets because _ they voted against their own budgets because we - they voted against their own. budgets because we managed they voted against their own - budgets because we managed to raise _ budgets because we managed to raise 60 — budgets because we managed to raise 60 billion _ budgets because we managed to raise 60 billion in _ budgets because we managed to raise 60 billion in taxes - bud

budget. secondly, a city costs budget, the city costs being those costs of other city agencies, specifically in support of the development program. so plan reviews by various agencies, public works inspections of the program and public works review of subdivision maps. those those types of costs are under the city costs budget and are subject to reimbursement by by the developer, and then activities that are supported by various subsidies. we have a number of subsidies. the housing subsidies, the arts fees, the job broker subsidy that helps support the construction training program and other efforts of one treasure island, as well as a parks subsidy and other special funds. i mentioned the arts fee, which is collected along with the building permits and establishes a special fund, but also cfd revenues are one of the funding supports under the subsidy budget. so, you know the authority cost budget, as i mentioned, needs to be supported by authority leasing revenues. and so that's the portion

there are 26 days left to vote the budget, so we have a budget for 2025 — the budget, so we have a budget very unlikely we will have this budget but it might— we will have this budget but it might happen in the next hours and days— might happen in the next hours and days that they find, try to find a — and days that they find, try to find a solution to still have some _ find a solution to still have some parts of the budget going on and — some parts of the budget going on and then the budget doesn't bass, _ on and then the budget doesn't pass, which is likely to happen, they need to pass a decree. _ happen, they need to pass a decree, special laws for the retirement, for very specific areas — retirement, for very specific areas in _ retirement, for very specific areas in the economy, so the country— areas in the economy, so the country can keep moving. and this is— country can keep moving. and this is probably what is going to happen in the next month. emmanuel macron, the president who of course called this snap parliamentary election over the summer that has now snowballed into this pol

on the clinton budget for the clinton budget. and it showed that it can be done. on the house and senate. and i regrettably when marjorie mol was against the cast the 218th vote, she wasn't applauded for congratulating. now we've got a great budget that's gonna get us into surplus. no the chant went, bye bye marjorie and she was defeated in the next election. but with one of the things that i think can be most helpful is pay go and you see the difference in the two sides on paygo. democrats, if you have a new spending plan, you have to pay for it. you have to either come up with spending cuts to pay for it or new taxes to pay for it. if you have a tax cut, you've got either spending cuts or other taxes to pay for the tax cuts called paygo. under republicans, you have this cut go or if you have a new spending plan, you have to pay for it. either cut spending or new taxes, but tax cuts don't have to be paid for. i mean, what could go wrong? maybe the massive deficit causing tax cuts that over the years that have, have caused all of

and still not balance their budget. >> the fastest growing expense of the federal budget is interest. what do you get for interest? nothing. mr.walker: the second fastest growing expense is health care. we've written a blank check for health care. not even sweden, which provides health care cradle to grave, writes a blank check for health care. it will bankrupt the country. thirdly, social security is solve -- solvable. the reason it's solvable is because young people don't think they're going to get it. they're wrong, they're going to get it. seniors think they're going to get taken advantage of. i could use other words but i won't. we have an opportunity to reform that program, to exceed the expectations of every generation of americans. and it's not that difficult to do. health care's a bigger challenge. it's a bigger challenge. and by the way, i'm on the defense business board. defense can't be off the table. there's a huge amount of waste in defense. a huge amount of waste. we need to cut the tail, which is overhead, to sharpen the teeth. and we need to reposition our footprint f

4 times throughout the course of the year, we have internal budget, omb budget, president's budget andiew, we look at updating the assumption and case workload projections to refine our estimates for how many we'll need within the the -- cycles and deliver our budget procedures and internal control and validation of budget with the department of office of management and omb, with this supplemental language we're working with ig right now to look at lessons learned any new process that could be put in to place. >> how would you compare when you just explained with methodologies used in private sector? >> i'm not sure, private sector i would presume their budget is not forecasted two years in advance like ours is for the mandatory accounts that we have. >> i think there is a fundamental difference between the way that we formulate our budget and execute it and way that private sector does. for us, we're looking to optimize and increase number of veterans we're serving. and so that means when we identify this risk, we chose to say, we have a risk, our goal is getting more veterans to care

there is no vision, it's a technocratic budget, _ vision, it's a technocratic budget, which continueg from this, we are refusing — by abstaining from this, we are refusing to attack the causes rather— refusing to attack the causes rather than talk about the consequences by the amazing slippage of our country and the criminality. let me stop a moment— criminality. let me stop a moment on the overseas territories, which are very dear— territories, which are very dear to— territories, which are very dear to my heart. the drinking water crisis, immigration, you have done nothing _ immigration, you have done nothing for this. the budget we are rejecting today seemed cieariy _ are rejecting today seemed clearly to be the upset of the policies — clearly to be the upset of the policies which are weighted and thought— policies which are weighted and thought out. we have a bureaucratic logic and route in expenditures without worrying about — expenditures without worrying about people. just keep thinking that the man that their— thinking that the man that their voters entrusted us with in the —

budget report in this report is the first checkup for the 2425 adopted budget.so that budget was adopted in june. and this is a checkup to that that action that was taken. so we're going to cover several areas this evening in this presentation. first the first interim report, we will talk about the budget assumptions associated with that as well as the fiscal stabilization plan. we'll start out with just an update. thank you. we're going to start out with just an update from the legislative analyst's office. so each year the legislative analyst's office in november does an update. and they review the adopted budget for the year that was adopted by the legislature and the governor. and they really checked to ensure how are the projections, the revenues coming in that were projected as part of that budget? and so what they're seeing is that the revenues that are coming in are better than expected. and so they look at the current year, but then they also take a brief look at the subsequent year. so looking at 2526. and they are also seeing where revenue and increas

we have a budget process that can do that. it's difficult and it requires pronouncing the word no, something very rare in washington these days. that's why we are calling the deficit historic from 2 trillion per year. host: our guest is with us and if you want to ask them questions about these budget related matters or other things, here is how you can call us. republicans, (202) 748-8000. -- republicans, (202) 748-8001. democrats, (202) 748-8000. do you think that president trump will call on republicans to say no? do you think that is his thinking? guest: even though it won't be an official body i think they will be exhorting -- exerting out a lot of enormous pressure to say no. it's got to be done. because otherwise market conditions are going to intervene and we will see a sovereign debt crisis. that's an ugly thing that few nations actually survive. history is screaming a warning at us. the country, bankrupting itself if your you can provide for the general defense and welfare, you have to be able to pay for it and the ab

next, 2020 senate budget committee conrmion on his nomination to serve as white house budget director. >> i will co-called order this senate budget committee hearing for the nomination of mr. russell vought for director, office of management and budget. good afternoon and welcome. what want to take a few brieg remarks and then turn over to -- [inaudible] then i'll turn over to ranking member centers to do the same. we heard today consider the nomination of mr. russell b vote to service her next director of the office of management and budget. mr. vought has served as omb deputy director since february february 2018. president trump nominate him in march estimation was facing an unprecedented crisis both health and economic from the covid virus. the office of management and budget is playing a key part in responding to this crisis that makes its work more important than ever. in addition to building the present annual budget omb also manages governmentwide functions such as agency rulemaking, contracting, grants management, financial management, information technology, program assessme

report from the congressional budget office shows, the overall budget deficit in the first seven months of fiscal year 2020 was 1.48 trillion, which was 949 billion more than the deficit recorded the same time last year. cbo currently projects the federal budget deficit will be 3 trillion this year. i remain concerned about the nation's fiscal health of enemy of my colleagues share this concern if i'll have the financial tools to address the crisis this time we should not assume that this will always be true. this unprecedented national crisis has highlighted the need for better budgeting. the federal response to the crisis was necessary answer may be more legislation coming but we must ensure the federal government also develops a sustainable plan for budgeting. a working budget process is needed rather than with the motto seems to be everyone gets what everyone wants and are no constraints. the bipartisan congressional budget reform act approved bi-partisanly by this committee in november 2019 aims to fix the government broken budget process and would provide a more orderly and delibe

, ., ., ., _ budget? it is not that easy, but i think _ budget? but | think that _ budget? it is not that easy, but i think that amongst. budget? it is not that easy, | but i think that amongst the socialists there are some people who would be more accommodating with mr francois bayrou, especially since francois bayrou supported the french land election 2012 and because the french society, the people, they want some stability. so, all the socialists going to take the risk to destabilise again that government, i am risk to destabilise again that government, iam not risk to destabilise again that government, i am not sure. regarding the traditional tories in france, i would say that, you know, they do not represent a lot of in the public opinion. they are like at 5%. then if you look at the far right, marine le pen's party, they said they would not take that chance either to put no—confidence vote straight on. it doesn't mean it will not happen, but i think it will give a little time to the new government.— give a little time to the new covernment.

most recent budget reports and the congressional budget office shows the overall budget deficit in the first seven months the fiscal year 2021.48 trillion which was 949 billion more than the deficit record at the same time last year. currently projects the budget deficit three and seven tenths trillion this year. i remain concerned about the nation's fiscal health i note many of my colleagues share this concern'l in the financial terms to address the crisis this time we should not assume this will always be true unprecedented highlight the need for better budgeting, the federal response to the crisis was necessary there may be more legislation coming. but we must ensure the federal government also develops a sustainable plan for budgeting. a working budget process is needed rather than that recent structure where the motto seems to be everyone gets what everyone wants and there are no constraints. the bipartisan congressional budget reformsagret act proved a bipartisan way in this committee and aims to fix the governments government'sbroken budget proce. would provide a more orderly de

translation: the situation is difficult in terms - of the budget, in terms of finance.to financial markets, which i know quite well. it's very difficult in economic and social terms. one thing i'm sure of, monsieur chassagne, and keep what i say today in mind, is that the vote of no—confidence, which will be tackled tomorrow when we see each other again, will make everything more difficult and more serious. earlier we spoke to tomasz michalski, associate professor of economics at the h.e.c. business school in paris. the government probably will be overthrown and it has to basically cease to function. there's going to be probably a new prime minister appointed by president macron. the fifth republic has a very strong power of the president, and then the crucial sprint is to adopt a budget for 2025. if such a text is not adopted by the end of december, there may be a shutdown, just like in, say, the us, when there is no funding for public spending. however, that's not going to be likely to happen because if it of the budget, in terms of finance. i'm also very vigilant whe

the budget carried forward £2.4 billion for flood defences.he prime minister commit to being able to use his offices to finally get this scheme built and to fix the foundations of tenbury wells? prime minister starmer: i am grateful to her for raising what is an awful situation for her constituents. we all know how devastating flooding is, both the initial damage that it causes but then the ongoing damage, including problems of insurance, etc. that then prevail for many years. we are committed to tackling this, which is why we set aside the money that we did in the budget. i will happily arrange for her to have a meeting with the relevant minister to look at the particular details of this case. i thank her for raising it, as it is such an important issue for her constituents. >> nick smith. >> last weekend in cwmtillery, torrential rain caused a landslip. slurry, even boulders, poured down the streets. people were afraid. the chancellor just agreed a welcome £25 million for coal tip maintenance in wales. given the impact of extreme weather eve

that really is what we use as we'reel budget, the final budget for june.n june, we have our first in first hearing ely in the month for lcap and the budget. and then we have a second hearing on that. and then we go into the next year with our adopted budget. okay. we're going to move into the fiscal stabilization. i'm wondering yeah, i'm wondering if it might make sense to pause here because we also wehe first interim report so we could i'm wondering if it makes sense to pauseere, see if there's questions. and then we could move on to other items. and would that be okay. all right. so board members are there questions or really about the first interim. and again to be clear, this was sort of our current fiscal state with no cuts. right. we're about to hear the plan for the cuts. so but but maybe we'll just take a mont like are there questions that we have about or comments around the current fial state as represented in the first interim? and if not, that's okay. but i jus w and cho ahead. so first of all, i just want to thank the team for putting all of t

weaving intricate budget, the omb budget, president's budget and a review. during those times is when were looking at updating the assumption, updating the peace workload projections to a finer assessment for how much were going to need within those budget cycles. we are also continue to leverage our deliberative budget procedures, our internal controls as well as validation of the budget with the department of office of management and omb. and with the supplemental language we're working with the ig to look at lessons learned and in new processes that can be put into place that would improve our process. >> how would you compare come front of you, how would you compare what you just explained with methodologies that are used in the private sector? >> i'm not sure, private sector i would presume their budget is not forecasted two years in advance like ours is for the mandatory accounts that we have. >> i think there is a fundamental difference between the way that we formulate our budget and execute it and way that private sector does. for us, we're looking

it is a budget filled with hope, for scotland's future. the uk budget resulted in an increase in funding there the barnett formula. that is welcome, but let us be clear, after inflation it represents growth in resource spending, thatis growth in resource spending, that is day—to—day spending to pay for services of only around i% pay for services of only around 1% year on year, substantial financial pressures therefore persist. in the face of a tory cost of living crisis i am proud of the pay deals that give scotland's nurses, teachers and public sector workers higher salaries than in the rest of the uk. and i am proud of the increased social security spending that keeps people out of poverty. in one way, the uk government has added to the pressures that scotland faces with the increase in employers national insurance contributions, this hike will add £700 million to the cost of delivering public services. despite this, the uk government seems to be saying they will only reimburse less than half of that cost. they have accepted they should

so the budget instructions is about the portion of our budget from the general fund. is that right? that's the focus. but it does require that we produce our entire budget. so there's the most interest in our general fund, because that's where the city's trying to balance. but there have been instructions in the past where there are global instructions that affect everyone, regardless of the color of money. so when i was in the mayor's office, there were cuts to managers, regardless of funding source. so someone decided that you were going to cut managers and that there was going to be some assignment regardless of the color of mone. other times people have said, we want to reduce fees and so they've, you know, forced that upon people. and so if we were told we had to reduce our fees, that could have some impact on our fee funded work. so there's always the possibility that there will be something that has a real significant interaction with the rest of our budget. but but really, the main focus for those who are kind of driving the process is the general fund. thank you. sure. see,

but that is more than what you budgeted in during the budget process because you budgeted for 4 million. help us understand the decision instead of the commitment of ramping down the covid program. and you extending it:ask colleagues since are not answer figure this is okay with you. >> chair, thank you. department. emergency management. there is -- all the funds were approved in the budget it was the department of public health and the d. aging service they came with a plea for ambassador support for willow al and he polk street they have two critical programs colocated in a building and needed to some support. so. and were -- they asked to be able to join in with this project work order funding they had to support this in this contract. and two, was not everything came before the board in extension of the hotel as a temporary shelter and dialogue with the board of supervisors and the public stake holders and hsh around the need for you know -- this program to be on that street of elis street. so it was hsh was looking for a way to deploy this in a rapid way to comply with stake holder

certainly the house republicans coming in, the house budget committee budgets, republican study committee budgets, have all carried deep cuts in nondefense appropriations. that is their number one target or a major target. the bigger targets are things like medicaid and snap. there's a lot of interest they have stated in terms of trying to cut these programs and things can get pulled together so they can do it. >> you are mentioning the thin majority the house of representatives will have. if you watched congress last time around you noticed it was difficult to get anything through. in the current negotiations, speaker johnson is counting on a fairly sizable number of democrats to make sure it will pass. those dynamics will continue and potentially get worse. it's harder to have a thinner majority than they had last time. i think that will impact what is actually able to go through. how much can be done by executive order. you need congress to weigh in, getting agreements, hurting those cats is always difficult in congress and this time i think it will be very hard. cripes one of the thin

and the revision was also made _ budget. and the revision was also made to— budget. similarly down. but the _ government? time, similarly down. but the liberal democrats a the previous — but the liberal democrats a the previous government brought chaos and the _ previous government brought chaos and the current government isn't bringing — and the current government isn't bringing growth. but the government say those _ bringing growth. but the government say those measures were important for working — say those measures were important for working people. they have tried to protect _ for working people. they have tried to protect pay packets, and their focus _ to protect pay packets, and their focus is — to protect pay packets, and their focus is now on big changes that should _ focus is now on big changes that should deliver structural reforms and growth in the future. damian, thank you- — morrisons has apologised after some customers said their loyalty cards weren't working to get discounts on their christmas food shop. others found that their online orders had been

and we are as you know, the new are commissioners here osb budget is part of oewd's budget i will workh sarah and team to identify the reductions that the mayor's office has requested. but our budget is roughly 3. 7 million dollars. a small piece of the pie here. so we don't have a lot of room most of the funning we provide for people to provide director service its small business ordinance. tell be challenging but again luck low we are part of a birth department budget and make the conversations together. >> i note we don't expect understanding how the office of small business in the oewd any knowledge the very cost effective work they do with the small and mighty budget we want to preserve this. i think there are other areas we have cb oshg contracts we will see bigger reductions. commissioner. are you on staff? >> good. okay. >> commissioner ortiz. all you >> thank you for this presentation. 2 things one how can we help as commissioners to advocate it is 50% but you pointed out and i want to go on the record is, this office really does punch up the waechlt roi for the 3 opinion 7 mi

what happens in the interim without any budget?l happen is tt we will have a budget of 2024, month-by-month, to maintain the government, to avoid a shutdown. we are not the u.s. and that is not necessarily good news, because in this budget especially, the social security provision, the pensions are indexed on inflation, so it means the pensions will rise, and many french people will be taxed, more than 300,000 will be taxed while they were not taxing the new budget. in some sense, you could say it's not a bad thing because the budget will be frozen. but it's not great because of all of the automatic adjustment. christian: what about the interest on that whopping debt? guest: that is a big problem. this is the confidence of our creditors, half of them are outside france. today we saw the interest rate on our long-term debt in france rising again. last week it went above greece's level and now it is about italy and spain. so we are in a very bad position because of the amount of debt we have and the need we have to borrow it if the i

translation: the situation is difficult in terms of the budget, in terms of finance. i terms of the budgetf finance-— of finance. i am also vigilant when it comes _ of finance. i am also vigilant when it comes to _ of finance. i am also vigilant when it comes to financial . when it comes to financial markets which i know well. it is difficult in economic and social terms. 0ne is difficult in economic and social terms. one thing i am sure of and keep what i say today in mind, is the no—confidence folk tackle tomorrow when we see each other again will make everything more difficult and more serious. joining me now is tomasz michalski, associate professor of economics at the hec business school in paris. talk us through what you are expecting. the government probably will be over and will basically cease to function. there will probably be a new prime minister appointed by president macron. the fifth republic has a very strong power of the president and then the crucial sprint is to adopt a budget for 2025. if such a text is not adopted by the end of december, there may be a shutdown just lik

on the budget i understand this the budget will be extremely difficult in the next year cycle. sort of run out of the easy things can be somewhat difficult things now on to the very difficult things. i understand no. i urge the staff to propose somewhat aggressive moves to address citywide issues. including centralizing and consol dating and engineering functions from other city departments. you had a discussion a few minutes ago about whether public works provides the maintenance service to rec and park. that general low does not happen now. perhaps it could. maintenance for example. whether or not those efforts succeed this coming year, i think such ideas need exploring in the context of the budget challenges and prop e which will look atrousing city agencies, boards, commissions and department. on the strategic plan, i saw an explanation of organization changes that was presented at the left commission meeting. will not guilty works had no discussion of reorganization and the website at sfpossibling works has the old org chart i hope the structure will be tweaked. i don't th

the budget— the policy in the budget.me just after the period covered by the economic statistics — period covered by the economic statistics. the issue for the government is that it is pihhihg _ government is that it is pinning its hopes on this promise _ pinning its hopes on this promise to deliver economic growth _ promise to deliver economic growth. there are reforms it is bringing — growth. there are reforms it is bringing into the health service, planning a system to stimulate _ service, planning a system to stimulate housing and infrastructure projects. the critical _ infrastructure projects. the critical thing for the government is, can that stat to deiiver— government is, can that stat to deliver the growth impetus it is saying _ deliver the growth impetus it is saying it wants to see? theo, _ is saying it wants to see? theo, when we look ahead to the forecast, economic data are obviously complicated and based not on what is going on in the uk, but affected by global and unpredictable factors. but still, the warni

so it's a challenging budget. >> so it's a maintenance budget. that's probably the right characteristic. >> so what are the short-term and long-term impacts of this so-called maintenance budget? >> well, on a positive front as i talked about with our focus on execution, we're figuring out how to make it work, but there's a few things that i would call out. one, while we have a 20% increase in cyber security, what i believe in, it's an expensive operation. it's not-- omb put out a pretty comprehensive road map that they asked us to follow in terms of implementation and we will not be able to do that and which programs to invest in modernization of. and i would say because of the good work going on in the pac tax, and concerning more veterans the head count level, we have to pay for more p.c.'s and do more customer support and as a result, we are short in the field on the number of people that we need to actually support folks. we are coming from a legacy of very good customer support. our user satisfaction in the field is very, very good. i worry

increased funding to the schools budget. includes almost a billion more on high-needs budgets. and today we are investing in announcing investment of 74 million pounds in funding to create units in mainstream schools, hopefully to be able to take that forward. >> thank you. >> mr. speaker, members across are deeply concerned that the post office considering closing more than 100 across the community. 3,000 people signed petition opposing closure. does the prime minister most ensure we protect vital post office services for our constituents? >> thank you for his question. i also recognize the campaigning of many including himself for local services that their constituents rely on. the post office is required to maintain a network of 11,500 branches. but i'm happy to make sure he gets a meeting with the minister to discuss the particular case. >> when our town celebrated 200-year anniversary with the 9-month festival. many in my area have concern of future. >> mr. speaker, we are delivering to bring railway back to public ownership putting passengers first. today we have announce

currently we only look at 16% of the budget. if you eliminated the nonmilitary discretionary, all of it, which is not going to happen, the budget still never balances. you have to look at all the spending. we are not looking at any of the entitlements spending. in fact, it is worse. entitlements are driving the debt, almost everybody agrees, and we are expanding the entitlements. social security beginning in 2021, social security for the first time pays out more than it brings in taxes. it was the opposite for many years. social security brought in more than they spent and developed and had a reserve. for the last three years social security has paid out more than comes in. 2021, they paid out $50 billion more than came in. 2022, $22 billion more than came in. last year, $40 billion more than came in. if you had a business or social program and were paying out more than you brought in, wouldn't you try to reverse that trend? no, what we did this week is expand social security by $200 billion over 10 years. $20 billion a year. if

today the city council is considering major budget cuts to try to balance a huge budget deficit and there's a leadership void as the mayor and the district attorney were just recalled. while this is obviously a time of upheaval, it might be a chance to turn things around. we're talking with the chapter of the local naacp coming up in a few minutes, but first some of your local news headlines starting with the suspect arrested in connection with the murder of the unitedhealthcare ceo in new york. we just learned he has ties to the bay area. 26-year-old luigi mangione is held without bail after a brief court appearance in pennsylvania. he's expected to face charges in new york in connection with brian thompson's death. mangione was arrested at a mcdonald's in altoona this morning on forgery and firearms charges after an employee called in a tip. >> responding officers questioned the suspect who was acting suspiciously and was carrying multiple fraudulent ids as well as a u.s. passport. upon further investigation, officers recovered a firearm on his person as well as a suppressor, both consist

we don't want a budget and a spending plan that will ever bring us to a point where the american budget balances. and when you have two different ideas like that and you try to get a budget that can actually match up between the two parties, it becomes very challenging. but i think most americans would say at some point, at one point in our future, we should try to balance this thing. and that's what we're trying to do, is put out reasonable proposals that will actually get us on that pathway to balance. and listen, you hear people say just tax more, more revenue. again, historic highs in revenue. and i think more taxes mean less productivity, less jobs. and i think a tougher time for america in a global in a global competitive. let's look at a strong, smart tax code, but also a spending that allow us to get to balance house and the senate have passed their own individual budget blueprints for 2016. negotiators were named from both sides. they've been meeting to come up with a deal between house and senate lawmakers. they have one. however, senator corker has been holding it up because

that sucks in about 40% of the scottish government's budget. from audit scotland put out this week said it is unsustainable in its current format in the long term. it says the nhs is in a worsening financial position here in scotland and there are ongoing performance issues. and of course the nhs is really high up the list of priorities for most voters. watch closely to see what the finance secretary says about the nhs when she stands up in holyrood this afternoon. so lots of competing pressures, lots of competing pressures, lots of competing demands, and not an awful lot of wiggle room when it comes to the extra money, or the spare money that she has to spend. the spare money that she has to send. �* , ., ., ., spend. and 'ust on that, what are the spend. and just on that, what are the kind _ spend. and just on that, what are the kind of _ spend. and just on that, what are the kind of pressures - spend. and just on that, what are the kind of pressures in i are the kind of pressures in the broader context here? well, this ear the broader contex

i will stay on budget for a few more and then go back to taiwan. from your perspective in private industry, how can you perform at the pace needed if you don't have on-time budgets? >> it is difficult both from a development and production perspective and without that clarity and certainty, it is hard for us, particularly on these long lead time activities, to keep everybody at task and that is a multi-year activity with these stops and starts. it's really hard. it's hard for us at a leadership level and for the engineers who have to go home and talk to his spouse and explain what that recent headline is about and what it needs for them. we have a little bit of a shock absorber given that we propel over 60% of the commercial aircraft in the world today. we can move a number of those people earlier so we don't lose that team, but which sawing them back and forth his heart, and all the more -- is hard, and all the more when you talk about production. we have heard about the supply challenges in defense and more broadly post-pandemic, the spikes in de

they are immune from any budget decisions.ne they include social security medicaid in others the social security old age survivors insurance trust fund which we are told is an insurance program we pay into whether we like it or not. we are told they are going to go broke in 2033. how can that be? at which time it could only cover 79% of scheduled benefits and every year thereafter less and yet less and less untouchable. do not touch it do not reform it. excuse me question what the schumer solution in a senate bill they would change for government workers, local, state, federal. it would change the way they are paid social security. it used to be that get a differential between what they get in social security and their other government pension. schumer and a whole bunch of republicans have decided we are going to change that even though social security is going broke we are going to have a go broke faster, why? we are handing out lollipops. that is why. all of those workers, millions of them will get their quote unquote full s

next a 2020 senate budget committee confirmation hearing on russe