mulvaney cast doubt on the program yesterday. >> i enjoy the food. >> reporter: under president donald trump's budget proposal, the community block grant and the budget for the department of health and human services are facing hits, meals on wheels is funded from those sources. san francisco's program could lose 9% of its $14 million annual budget, that's more than a million dollars. >> if these cuts pass through congress, that means fewer meals for older americans and fewer safety checks. >> reporter: the program has been gearing up to handle even more clients as the baby boomer generation begins to age. the daughter of this stroke victim told us meals on wheels has been vital for her mother. >> it's so helpful. it's meals that are ready to go. how would they survive without the meals? >>> san francisco city officials said they are asking federal immigration officials not to detain people that come to court as witnesses. the city attorney, district attorney and public defender issued a statement in support of the chief justice of the california supreme court who wrote enforcement policies that driv

a lot of criticism over the plan but it delivers on what president donald trump promised. he said a budgetts america first must make safety it's number one priority. >> reporter: while president donald trump lunched with the prime minister of ireland, democrats were busy reading the new budget. >> i cannot see how the budget survives the light of day. >> reporter: among the cuts, cuts to the state department, the environmental protection agency and health and human services. the white house also looking to cut funding to the global climate change initiative, the national endowment for the arts and the corporation for public broadcasting. >> it diverts funds from public schools to private school vouchers. >> reporter: thethe new budget adds money to the military and the border wall. >> the budget reallocation and -- reallocates spending. >> the goal is to get to a bill that we can pass that is great policy. >> reporter: also today top republican and democratic members of the senate intelligence committee put out a statement saying that they saw no evidence to support president donald trump'

budget since ronald reagan's first in 1981. if you were a republican that doubted trump's conservative fidelity. it's hard for you to doubt it. >> is this donald trump's budget. >> it's going to occasion a real fundamental debate about the role of government in this country. >> i can just picture if it does -- if it somehow becomes about school bunches and all this stuff. i can picture president truchld -- wait, i'm going to cut school lunches. you can picture him doing an interview with one of us saying, no, no, no, no, no, i like the school lunch. we're going to figure it out. >> i think it goes back to him not derstanding the job. >> i don't think it's that. >> i think getting into a fight about -- you know, taking away meals on wheels is a dangerous place to be. at the end of the day, what this budget says is what it's in his heart and mind. that's what this budget is about, it's going to change once it gets to the hill, it's not going to be what we see today. that's what's dangerous, if you want to pull away from poor people, people who really need things, that's what you're cutting. >> with this budget, going into 2018. thank you, guys.

donald trump telling angela merkel that you have a terrific wall. i doubt that will happen, but you never know. there's another cartoon in the states focusing on donald trump's budget for 2018. i pulled out a cartoon from the washington post. this blueprint for federal spending has drawn criticism from democrats, namely, but also some republicans. it will boost military spending. he depicted the budget as a drone and you can see potential targets. a lot of other budgets will be cut. health, the environment, arts, education, science. you can see the person saying they have new rules for drone strikes. election in the netherlands. i pulled out cartoons. it depicts the aftermath of the election. china daily focusing that this was a defeat for right-wing populism. noseallot box thumbing its at the far right, depicted by a cartoon by dutch cartoonist that shows wilders, his trademark here do has gotten quite -- hairdo has gotten a buzz cut. you can see around his neck "populism." defeathowing this is a far right le pen, the national front leader. she was hoping for a wilders victory. that this would give wind to her sails. this windmill is giving her a painful slap in t

is this a steve bannon budget, a donald trump budget? what's the consequence for the trump voter? well, it is a first-bid negotiation. he's put out his extreme version of what he wants to get and there will be negotiations that will ration it back. you're right. i don't think this is a budget that's going to go through the way he's proposed it. but what is striking, as you say, is how much of the cuts do actually impact the people who seem to be his most natural constituents. the one that strikes me is rural airports. we spend money to help subsidize rural airports where they wouldn't otherwise have air service. the people who are going to lose their airports are the people who voted for donald trump. and that's a very interesting conundrum. maybe he deserves credit for taking on his own bases' priorities but it is an interesting political decision. >> you had this great piece this week talking about reagan '81 compared to trump 2017. >> well, the reason i put it in that context is reagan's first budget in 1981 had a similar set of priorities, which was to put a massive amount in

budget. we are not spending money on that anymore. we consider that a waste of your money. he also said donald trumps in diplomacy and the budget does protect the core interests. haidi: this is just a proposal, right? what is the likelihood it will all get through in tact? ramy: people are saying it's likely not to happen. reason, key republicans are pushing back on those massive cuts. three key senate republicans, including mitch mcconnell, said it would probably not pass the senate. mccain also said the same. lindsey graham said the budget is doa. these are republicans here. this is a proposal, and not a certainty. trumps out donald priorities, and clearly defense is the key issue. destructiond on the of isis and wants $574 billion as a base i just. including operations, $603 billion. that is a record. it can be hard for congress to say no because no one wants to be seen as weak on national security. donald trump said as much. he said to keep americans safe, we have made tough choices that have been put off for too long. is up the cause of so many other programs that also make america great. you f

. >>> president donald trump's first budget blueprint was released today. it boosts military spending at the expense of social services. it calls for an increase in defense spending by $54 billion while is ends support for a number of agencies clawing the national endowment for the parts. >> you are watching ktvu fox news at 6:30. among the deepest cuts in the budget are to the environmental protection agency, the agency would lose 30% of its funding. we look at what the cuts mean to the area. >> reporter: san francisco bay is shared by fishermen and boaters and sight seers but president donald trump is proposing to slash the budget of the epa by 30%, that means millions of dollars that go to protecting the baw -- bay could disappear. conservationists said that future projects could be stopped. >> it's a huge step backwards, we have made so much progress, why go back to the 1970s when there was sewage and pollution in the bay. these cuts are going to def nait the epa's agent -- devastate the epa's ability to clean up the environment. >> monitoring, permitti

the police considered is a hoax. >>> yahoo, a shareholder filed a lawsuit. >>> president donald trump's first budget blueprint was released today. it boosts military spending at

the states.in donald trump has just revealed his first budget blueprint.s the first time we are hearing his plans for the u.s. economy and there are no big surprises. there are a lot of cuts to the state department and the environmental protection agency funding. he's also beefing up military spending and homeland security funding. here are some of the highlights. more than $1 trillion in u.s. government discretionary spending is heading in a new direction under donald trump. more money for weapons and border guard funded by massive cuts to the environment, science, the poor and the arts. that's the main theme of the u.s. presidents budget. the biggest winner, the defense department. spending which currently totals more than that of the next seven nations combined would jump right $52 billion next year. homeland security with ca 7% increase. notably money for the now infamous border wall with mexico. the last apartment to see a budget bump is veterans affairs. byse increases are funded the cuts to the environment, social spending and the state department.

if you look at donald trump's campaign promises, mick mulvaney says this budget is about donald trump's campaign promises. he made a point to say yes it's compassionate to think about the recipients. but it's also compassionate to think about the taxpayers funding them. so i think that's a preview of the trump administration's argument. we'll see what congress does with it. trump is a negotiator and this is the first step of the negotiation. this is what he wants to lay out there. >> i like the idea of funding opioid prevention. we remember how much everyone circled the wagons to try to help that. refocus on school choice. $1.4 billion additional dollars. those things ultimately are not just smart and up helpful, but they help people rise above their current conditions and make all of america better. >> president trump continues to take this executive approach, especially financially. i think he agency can do more with less. we should go back to the way things were before, roll back agencies and sing and gi authity to various secretaries and cabinet heads in making choices in what we ca

donald trump have in common. this doesn't look like a donald trump budget.re is more defense and more immigration enforcement. but some of the other cuts, i cannot believe that the bannon wing of the white house are crazy about. : steve bannon has spoke about this, the deconstruction of the administrative state. spendingking about the in these departments. as the white house looks at its agenda, which is to raise military spending by 54 billion dollars, they have to offset that and they are taking ask to the state department, to hud, to the epa, to everything. charlie: are they doing it because of ideology or because they need to deal with the increase in dispense -- defense spending or do these issues come together at this time? bob: it is a reflection of what they want to do politically. most people in washington and the white house do not believe that the trump budget will pass or will have heavy support within the congressional ranks. charlie: and that includes republicans. bob: that includes the congressional majority. they see this budget as a statemen

. >> she pulled no punches in her assessment of donald trump's budget in an interview with chedd"cheddar" where it will br havoc on the country. let's talk about that budget because we now are learning that donald trump who said he's 100% on board with the changes that the conservatives in the house want, but those changes are work requirements for medicaid recipients who are already the working poor, and essentially making medicaid shrink more. they want black block grants limited and they want no more ability to do the expansion. they're trying to make the bill crueller. how do they justify that, your colleagues on the other side of the aisle? >> we have the understand and know what the republican party is. they've never been for the poor and working class. they don't care about these poor people. they want to get rid of medicaid expansion and they don't care what that means. they will cause the states to have to come up with a lot more money that they don't have. they want to put medicaid recipients to work bringing up that old racist argument about the welfare queen getting something

we talked earlier about proposed cuts as part of donald trump's budget for medical research and fundingnd that seems to be weighing on the health care group in particular. on the plus side, we have homebuilders rising. the s&p homebuilding index is at the highest since may of 2007 after u.s. housing stocks climbed to a four-month high. building estimates coming in low does not seem to be slowing down the rally. technology also rallying, at least if you look at oracle. it shares up 7% after the company reported earnings and shares -- sales that beat estimates. a lot of it -- a lot of the rise in revenue having to do with the cloud. we have talked a lot about valuation for u.s. stocks, specifically want to focus on technology. if you take a look at the bloomberg, we have the next 12 months price-to-earnings ratio relative to the s&p 500 and this is the average going back to 2001. you can see we are still below the average. we have been coming up, but still below those levels. if you believe in a reversion to the mean, we have not gotten back to that mean in this rally we have seen in tech

plus, illumina, a key drag around president donald trump's budget for the life sciences company.here were some winners in the australia our -- hour. $20, downng below more than 30% from its high in the short trading life, that hot ipo of the year. can they meet those revenue productions of $1 billion for this year? plus, there are more than five analysts to recommend selling shares of the snap. snap not getting a huge break after that huge pop on its ipo. yvonne: abigail doolittle, thank you for joining us from new york to read we have first word news with courtney collins. arabia says opec and its allies are prepared to extend production cuts beyond june if global inventories remain high. the energy minister told bloomberg it is excessive and the markets are not confident they will fall, the curve could be sustained. they will decide whether to continue the restrictions aimed at ending the global oil glut. >> they have been cooperating .ith us quite nicely we are satisfied that we are on track. there are fluctuations in price. trump's first budget aces little chance of being pro

nicole: mick mulvaney on "meet the press" explaining the vision behind donald trump's budget proposalhe message the president was trying to deliver. that meant more money for defense, more for law enforcement generally and the more money for things like veterans affairs, veterans health care in private and public school choice. that is where we spent more money at the same time because it was very clear they did not want ts td to the deficit this year. we added the $54 billion for defense. we took that money from other places. lauren: mick mulvaney said a detailed version is expected to be released in may. we will lay out plans to eventually erased u.s. deficits. lauren: a wildfire in boulder, colorado forcing hundreds of people to evacuate. the fire burned in the mountains outside of downtown boulder. when is a problem pushing the flames towards the main shopping and dining areas as they were to contain those flames, fire officials say they do not think the cause of the fire is natural. >> a lot of people are in and out of there. we know that there's a lot of transient campsites in t

does donald trump's skinny budget mean the fed can take its time?ion -- populism pushback by the dutch. we speak with the head of the dutch banking association. axel weber tells us that european uncertainty is set to continue through the year. welcome to bloomberg markets, the european open. i am matt miller in frankfurt, at the iaaf meeting before the by 20 guy johnson alongside me at headquarters in london. guy: let's have a quick look at where equity markets are. the fed yesterday, the united states s&p, this is where we stand this morning. in london, the 600 is down by around 0.5%. the dax is outperforming this morning. this is the french spread. the is the bund open and oet's open. you just had the snb out as well. unsurprisingly maintaining its deposit rate. again, very much driven by what is happening in european politics at the moment, in terms of policy setting. what do they do next, if anything? there is funny of speculation, but not a lot of action at the moment. matt: that is right. the german finance minister, speaking of action, wolfga

trump's budget plan. let's get to anne makovec who has the details. >> reporter: this is a blueprint that's really putting donaldrump's promises to dramatically remake the federal government into action. it's a $1.15 trillion budget. it proposes a $54 million increase in defense spending, as far as cuts, we are looking at slashes to nondefense funding at the state department, the department of housing and urban development, the environmental protection agency, and many other federal programs could be ended entirely. this budget plan will ultimately be in the hands of congress. secretary of state rex tillerson just spoke about the outline from japan. >> we are going to be undertaking a very comprehensive examination of how programs are executed, very comprehensive degrees of how we are structured, and i'm confident that with the input of the men and women. of the state department, that we are going to construct a way forward that allows us to be much more effective, much more efficient, and be able to do a lot with fewer dollars. >> reporter: it includes a down payment on the president's u.s./mexico wall. now, th

budget are people who were part of the core constituency of candidate trump. yes? >> i can't quite figure out, and maybe bob can help me, what mick mulvaney and donald trump have in common. this does not look to me, from what we've seen, the outlines, not a full budget, it really doesn't look like much of a donald trump budget. higher defense and more on immigration enforcement, to be sure, but some of the other cuts, i can't believe that the bannon wing, if you will, of the white house, they're crazy about. >> i think the bannon wing and steve bannon has spoken about the deconstruction of the administrative state, the famous phrase he has used. he is talking about the upper layers of spending in a lot of these agencies and departments. so as the white house looks at its agenda which is to raise military spend big $54 billion, they've got to find a way to offset that, and they're taking the axe to the state department, h.u.d., e.p.a., everything. >> rose: are they doing it because of ideology or they need to deal with the $54 billion increase in defense spending? or do these two issues simply come together at this time? >> it's a reflection of what they want to do polit

donald trump says it's collapsing. the congressional budget office which is run by a man who was hand picked by the republican caucus in the house, the congressional budget office says no, actually, it's not collapsing. it's not in a death spiral, that if you do nothing and allow the affordable care act to remain, yeah, over ten years the number of people without insurance will go up by a little bit. it will go up to 28 million, but the death spiral happens if you pass trumpcare. there is a death spiral coming in the american health care system. there is a humanitarian catastrophe that's about to hit us, but it only happens if you choose to pass this piece of legislation that is pending before the house of representatives today. now, i hear this legislation can't pass the united states senate because my republican colleagues understand this. so i'm not necessarily talking directly to my republican colleagues here because i trust that they understand the collapse of the american health care system that occurs when in a very short period of time

. >>> donald trump's first budget proposal faces a rough ride in the u.s. congress.pposition democrats have slammed the president's plan to splurge on defense and slash spending on foreign aid and the environment. some republicans have joined in the criticism. the budget is for fiscal 2018 and would start in october of this year. the pentagon could get a 10% spending boost. the department of homeland security is also slated for more money, including millions to pay for that wall along the border with mexico. the state department's budget is among those facing cuts, meaeang less spending on foreign aid. the environmental protection agency will also be poorer off. house minority leader nancy pelosi criticized the proposal. >> i canan't seeee how this bud can survive the light of day. ththis budget is really a slap the face of the future. >> a top democrat on the senate, forereign relations cocommittee said he's deeply disappointed and dismayed. he said president trump appears determined to gut national security. republican chairman of the house foreign affairs committe

a sneak peek at donald trump's first budget proposal. he plans to unveil the $1.15 trillion budget plan tomorrow. it includes a $54 billion increase for the pentagon and other departments and programs will be slashed. among them, foreign aid, the epa, medical research and help for homeless veterans. >> an unprecedented judicial overreach. >> also tonight, president trump firing back after a federal judge in hawaii halted the second version of the temporary travel ban. it would have gone into effect within an hour. but not anymore. nbc bay area's ian cole joins us, on this particular issue, the president's certainly not happy. >> not at all. the president vowing to take this case as far as it needs to go. it could be heard once again at the federal court of appeals in san francisco. a federal judge in hawaii puts the new travel ban on hold nationwide, saying it's flawed in reasoning and in scope. >> whenever you have a hostility towards a particular religion or a particular nation of origin, that's certainly going to be something that's g

but first, part of donald trump's budget proposal could sharply reduce funding for a much-needed program wheels delivers near lay millinearly a million meals a day to the sick and elderly. >> reporter: sandra bush is about to make visits to 18 seniors. sandra deshazer says her arthritis makes it difficult to cook. if you didn't have this service -- >> it would be really bad. i don't walk or drive anymore. >> they just can't afford to go to the grocery store and buy everything they need. they have to depend on everyone else. >> reporter: that's where meals on wheels comes in. a third of its budget comes from the federal government. the proposed budget cuts are putting the 43-year-old program at risk. >> we can't spend money just because it sounds good. >> excuse me? i see these people waiting for their food to come every day. it works. >> reporter: it works for lind yoo priest after a stroke two years ago left her in a wheelchair. like most residents in her county, she voted for donald trump. >> reporter: are you surprised? >> yeah. >> reporter: why? >> because we were told he was going t

the white donald trump's budget is coming under fire in congress. this is bloomberg. ways wins.ss. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast business. with high-speed internet up to 10 gigabits per second. you wouldn't pick a slow race car. then why settle for slow internet? comcast business. built for speed. built for business. anna: welcome back. this is bloomberg a break euro. 3:30 p.m. if you are in tokyo. just checking out where the nikkei is right now. 1% at thee third of end of the trading day over in tokyo. weakness in japanese equities part of the story today. let us take a look at the broader architecture in nejra: you mentioned the weakness. a little bit off on asian equities if we look at the benchmark gauge although we are seeing

trump proposes to slimmed-down government spending but for some on capitol hill, his budget is a tough pill to swallow. this is "special report" ." good evening. welcome to washington. president donald trump has laid out his financial plan for america. the $1.1 trillion spending plan slashes funding to several government departments while also putting down a down payment on plans for a border wall and increased military spending. it's all part of his plan to do more with less. lawmakers on capitol hill, a lot of them aren't having it. john roberts is at the white house. a look at some of the winners and losers. >> good evening. there are two words that the president's budget director used to describe the budget, mick mulvaney saying this is all about hard power. in putting together the discretionary budget, mick mulvaney said he listened to the promises the president made during the campaign and created a budget policy for each and every one. >> we had an america first candidate. we now have an america first president and we have an america first budget. >> first priority is defense spending, 10% bump, $54 billion. homeland security gets an additional 3 billion while veterans affair

. >>> office of management and budget director mick mulvaney is defending donald trump's proposed budgetrease in spending. >> to your point in the trade-offs between state and military, make no mistake, this is a hard power budget, not a soft power budget. that's what the president wanted and that's what we gave him. >> it assumes coming tax cuts and deregulation will help booth growth. that's music to my next guest's ears. he was the first chiefs economist and served in president reagan's economic advisory board, known as the author of the supply side economics, art has done everything. are you still on about the supply side thing? do you still believe that's true? >> sure. if you tax people who work and you pay people who don't work, do i need to say the next sentence that you're going to get a will the of people not working. pee people respond to incentives. it's lovely being with you. >> i always love talking to you. you know so much and distill it well. increased spending on defense. and then tax cuts on top of that. i don't know how you get to -- that balloons the budget deficit ev

donald trump: i'm here tonight to deliver a message of unity and strength. on his to-do list: getting more money for defense and security...president donald trump: i am sending congress a budget that rebuilds the military, eliminates the defense sequester, and calls for one of the largest increases in national defense spending in american history. the president proposing major cuts to some federal agencies... and offering broad brush promises on regulatory and tax reformpresident donald trump: my economic team is developing historic tax reform that will reduce the tax rate on our companies so they can compete and thrive anywhere and with anyone... touting his plan for immigration reform... the president signaling he might be open to some type of compromise.by finally enforcing our immigration laws we will raise wages, help the unemployed, save billions of dollars. and of course, focusing on a long-promised healthcare overhaul.president donald trump: i am also calling on this congress to repeal and replace obamacare. democrats issuing a blistering response to address --- slamming the president and republicans for their plan to scrap obamacare...steven beshear/ -d- former kentu

donald trump said the snoop recreates millions of more chops per he made these big misses but the promises that donald trump made on the campaign trail are different than what with that budget

we will be talking about what should donald trump's defense strategy, budget and other military plans be looking forward for the united states at a moment when the trump administration is still asking itself these questions and a lot of decisions haven't been made. we're still very early in a new presidency. we have about as great of a team to help answer the questions as i could imagine and looking forward as well as they are to discussion with you in the second half of this morning's forum. let me introduce each of the gentlemen here and then i will say a couple of broad words about where we stand in the defense budget to allow them to take off from where i leave off. we will have broad discussion among ourselves and go to you about half way through. immediately to my left is former under secretary of defense who robert heal, who is the pentagon's comptroller. bob has been through the battles of not only iraq and afghanistan but sequestration and shut down and has pretty much seen it all in the obama years where he was the comptroller for most of that period of time. he has been wit

donald trump. his budgety cut all of it. >> there's plenty of it being done in the private sphere, is it not at the university level? everybody is studying climate change. one of the things, we're also mammals and can you imagine -- little tiny you writing letters to richard nixon. >> michael malice, we think of the idea of shrinking mammals. >> it's like some people. i first job was writing for an aquarium make seeing when i in high school. doctor malice, that's interesting. can you name -- [speaking at once] >> come on, there were all extinct from all over the world except africa. you had that bears and the woolly mammoth. this happened intermittently. you had actually amateur mammoth off the coast of california and the last 2,000 years. this is something that happens very frequently and other animals change and adapt. that's what you have the indian elephant and the african elephant. >> so we adapt. madison, what you think of the tiny woolly mammoth. >> where are the scientist, tom? i'm concerned about tha

donald trump's proposed budget which includes a $15 billion cut to department of human services partially funds programs like meals on wheels. yesterday they said this about the cut. >> we can't cut spend money on programs just because they sound good. >> it's unbelievable. and anybody who makes a statement to the contrary doesn't know what they're talking about. he can sit down with a glass of wine and go over the details of it. he obviously doesn't know what he's talking about. >> pill bottles, change light bulbs. >> reporter: jim explains that meals on wheels is much more than free food delivery. he provides a welfare check, daily visit and friendship. >> it allows most of my clients to stay in the home they love, the home most of them raised their family in. >> reporter: he says it makes sense. the cost of for a senior per year is $3600, is about the same for one day in a hospital, which the daily nutrition and visits help prevent. kate larsen, abc 7 news. >>> part of harry potter's magical world has come to life in the bay area. next, find out where quidditch is a sport taken quite s

donald trump says don't go there. so this budget doesn't go there, but a lot of republicans on capitol hill think his priorities in terms of where the budget ought to be reduced are misplaced. john, i can't let you go without asking -- >> hit me. >> are you taking them right to the final four and to win the whole thing? >> of course i am. you see how hot we got at the end of that acc tournament? . i saw it all. gra grayson allen. they're as good as anybody. i don't know what to do. remember when connecticut won, they were like 18-14. >> i agree 100%. nobody -- there's no dominant team in the field. >> no. >> this is not the best duke team we've had. and it's been a very rocky and uneven year. but the way it's coming together right at the end gives you a good feeling. >> i agree. they showed me a lot. i was sure north carolina would win. i'm still -- it would kill you -- i am taking north carolina to -- >> you know what? obama filled out his bracket, he picked carolina to beat duke in the finals, which is a very obama thing to do, he

. ♪ >> greg: the media is reacting to donald trump's upcoming budget proposal. >> outrage but i didn'tcry. and i need to. >> greg: "washington post" says the proposal would shake the federal government to its core, calling back numerous programs and expediting an historic contraction of the federal workforce. what language, historic contraction? it is like trump is a tornado having a baby on the government's head. the numbers that aren't out but my guess is the proposal targets the edge of the budget. it's like ordering the extra-large meat lovers pizza with four cheeses but holding the olives because you're on a diet. the federal government never shrinks. the interest is killing us. when you are running out of anything, like toilet paper, you notice you start using less. but you never run out of the budget. it is the giant invisible wallet in the sky. bureaucracy turned into an episode of hoarders, the mess keeps growing and all we can do is remove one glad bag full of toenail clippings. if we are going to spend, let's spend it on the stuff that guarantees the rest. new technologies,

. >>> and blueprint of president president donald trump's budget just a proposal right now but the plangh negotiations and revisions in congress. lawmakers heavily weigh their local priorities there are growing concerns over how it could affect us locally. so trump's plan would increase defense spending to the tune of $54 billion. the proposed budget also ramps highering for immigration enforcement and border patrol. calling for 15,000 new hires. the veterans administration may also benefit by receiving a 6% money increase. which would provide health care and fund the vet program. other programs supported by his plan school choice advocates and charter schools. led paint elimination programs and substance abuse treatment programs. >>> now to programs that may lose funding the proposed budget calls for a 9 billion-dollar cut to the department of education. some of that savings would come from deep reductions to some financial aid programs for college students. trump's proposed budget would cut funding for the national institutes of health, a major funder for philadelphia's medical school

donald trump's proposed budget which includes a $15 billion cut to the department of health and humanvices, which in many states like california, partially funds programs like meals on wheels. yesterday the president's budget director said this about the cut. >> we can't spend money on programs just because they sound good. >> anybody make a statement, he doesn't know what he's talking about. if he were here with a glass of wine, he obviously doesn't know what he's talking about. >> i'll help rosa open pills, pill bottles, change light bulbs. >> reporter: jim explains that meals on wheels is much more than free food delivery. he provides a welfare check, daily visit, and friendship. >> it allows most of my clients to stay in the home that they love, the home most of them raised their family in. >> reporter: meals on wheels also says their program makes financial sense. the cost of food for a senior for one year, $3600, is about the same as one day in a hospital, which the daily nutrition and visits help prevent. in san francisco, kate larson, abc 7 news. >> president trump is in flori

donald trump's proposed budget which includes a $15 billion cut to the department of health and humanvices, which in many states like california partially funds programs like meals on wheels. the president's budget director said this about the cut. >> we can't spend money on programs just because they sound good. >> he doesn't know what he's talking about. obviously he doesn't know what he's talking about. >> i'll help rosa open pills, pill bottles, change light bulbs. >> reporter: jim explains it's much more than free food delivery. he provides a welfare check, and friendship. >> it allows most of my clients to stay in the home that they love, the home most of them raised their family in. >> reporter: meals on wheels also says their program makes financial sense. the cost of food for a senior for one year, $3,600, is about the same as one day in a hospital. which the daily nutrition and visits help pre sent. in san francisco, kate larson, abc 7 news. >>> the ronald mcdonald house in stanford needs your help for its expansion and renovation. when it's finished, the facility will give

budget of trump's gop predecessor. the military needs more trimming. and suzy says i would seriously consider the meals on wheels budget cuts as soon as donald trump stopsommuting to mar-a-lago every other weekend. caller: good morning. called -- i have have never actually called into this program but i very interested in people will complaining about meals on wheels as if the program itself gets 100% funding from the federal government. that is not the truth. a lot of states only get a percentage of the meals on wheels program from the federal government. each state, some were successful than others, get a majority of their funding through private partnerships and community funding. per state. frustrating to hear people complain about the meals on wheels program. i have not heard anyone mention the head start program. 19% cut for education. that is a huge program. that was just something that really got to me as i was watching this morning. i am not hearing anything about heads start. is essential for a lot of people across this country to trump talks about wanting do some sort of childcare read it and funding in that manner but headstart is a huge pro

donald trump's proposed budget which includes a $15 billion cut to the department of health and human services, which in many states like california, partially funds programs like meals on wheels. yesterday the president's budget director said this about the cut. >> we can't spend money on programs just because they sound good. >> anybody make a statement, he doesn't know whate's talking about. if he were here with a glass of wine, he obviously doesn't know what he's talking about. >> i'll help rosa open pills, pill bottles, change light bulbs. >> reporter: jim explains that meals on wheels is much more than free food delivery. he provides a welfare check, daily visit, and friendship. >> it allows most of my clients to stay in the home that they love, the home most of them raised their family in. >> reporter: meals on wheels also says their program makes financial sense. the cost of food for a senior for one year, $3600, is about the same as one day in a hospital, which the daily nutrition and visits help prevent. in san francisco, kate larson, abc 7 news. >> president trump is in flo

donald trump's proposed budget, which includes a $15 billion cut to the department of health and humanch in many states like california partially funds programs like meals on wheels. the president's budget director said this about the cut. >> we can't spend money on programs just because they sound good. >> unbelievable. that anybody would make is a statement to the contrary doesn't know what he's talking about. i'd be glad to have a beer or a glass of wine if he wants to sit down and explain the dials of it. >> i'll help rosa open pills, pill bottles, change lightbulbs. >> reporter: jim explains that meals on wheels is much more than free food delivery. he provides a welfare check, daily visit, and friendship. >> it allows most of my clients to stay in the home that they love, the home most of them raised their family in. >> reporter: meals on wheels also says their program makes financial sense. the cost of food for a senior for one year, $3,600, is about the same as one day in a hospital, which the daily nutrition and visits help prevent. in san francisco, kate larsen, abc7 news. >>

and then you've got after that the question of donald trump's budget, a new budget resolution that woulds to go under favorable parliamentary rules to try to achieve tax reform, cut the corporate tax rate, maybe overhaul the entire tax system or maybe not. all of those things suggest that you've got this confidence level in the markets that could be in for a reckoning with donald trump's difficulties both politically and potentially depending on what james comey says, legally. >> john, we got mike santoli here as well. not to put mike on the spot, but i wonder how much the market is spring loaded to respond to any headline that suggests any element of this is in the past, right? >> right. >> can be put to bed somehow. >> i guess i'm wondering about the rhythm of this, right? even if we get confirmation there's an ongoing investigation, it doesn't necessarily become day-to-day congressional business, right, that this is going on. so i don't know how much more you're talking about, you know, depleting of political capital, impeding what congress would otherwise do on a business measure. my

[applause] donald trump: i am sending the congress a budget that rebuilds the military, eliminates the defense sequester -- [applause] donald trump: and calls from one of the largest increases in national defense spending in american history. my budget will also increase funding for our veterans. our veterans have delivered for this nation, and now we must deliver for them. [applause] donald trump: the challenges we face as a nation are great, but our people are even greater. and none are greater or braver than those who fight for america in uniform. [applause] donald trump: we are blessed to be joined tonight by carryn owens, the widow of u.s. navy special operator senior chief william ryan owens. ryan died as he lived, a warrior and a hero, battling against terrorism and securing our nation. [applause] donald trump: i just spoke to our great general mattis, who reconfirmed that, and i quote, "ryan was a part of a highly successful raid that generated large amounts of vital intelligence that will lead to many more victories in the future against our enemies." ryan's legacy is etched i

donald trump's proposed budget, which includes a $15 billion cut to the department of health and humanervices, which in many states like california partially funds programs like meals on wheels. the president's budget director said this about the cut. >> we can't spend money on programs just because they sound good. >> unbelievable. that anybody would make a statement not contrary doesn't know what he's talking about. i'd be glad to have a beer with a glass of wine if he was to sit down and explain the details of it. >> i'll help rosa open pills, pill bottles, change lights bulbs. >> reporter: jim explains that meals on wheels is much more than free food delivery. he provides a welfare check, daily visit, and friendship. >> it allows most of my clients to stay in the home that they love, the home most of them raised their family in. >> reporter: meals on wheels also says their program makes financial sense. the cost of food for a senior for one year, $3,600, is about the same as one day in a hospital, which the daily nutrition and visits help prevent. in san francisco, kate larsen, abc

if trump care passes and even if half of these budget cuts pass, trump made our life a lot easier. the people who voted for donald trump in places like arkansas and tennessee and ohio, they didn't vote for this. they need these programs. they took a chance on donald trump. was there racism and misogynists voted for donald trump? yes, but not the vast majority. they knew this guy was a little off, but they needed change and took a chance on this guy. he has done everything he said he wouldn't do. he promised universal health care at one point. it throws 15 million people off health care and ultimately 24 million people off their insurance. we may not need a democratic party to beat this guy. he is beating himself. what i think is going to happen is that the republicans are going to say no in the senate as they are already, to trump care. >> the house has far right idea logs who think this is not cruel enough. >> i think that's right. >> that is truly disturbing. thank you very much. howard dean, christopher metzler and fernando, we will be back. is the trump administration edging closer to the brink of war? that's

donald trump's audacious budget is coming under fire in congress.re going to talk about the u.s. president's spending plans. there seems to be disappointment from the democrats. the republicans, i would argue, lukewarm at best. that seems to be the political noise coming out of washington. we will discuss next. this is bloomberg. ♪ live-stream your favorite sport at the airport. binge dvr'd shows while painting your toes. on demand laughs during long bubble baths. tv everywhere is awesome. the all-new xfinity stream app. xfinity. the future of awesome. .att: a softer stance steve mnuchin sounds reassuring as he talks trade with wolfgang schaeuble. will he strike the same tone with other finance ministers? we are live in baden-baden ahead of the meeting. volatility retreats. the euro vstoxx index plunged i the most on record yesterday. are investors now underpricing political risk in europe? we ask one of france's biggest money managers. and the euro higher as nowotny signals a rate hike may be on the way for the ecb. what will it take to convince th