max baucus will join us. in the u.s., president trump release his budget proposal calling for deep cuts, but much like other can pick -- campaign promises, the budget faces major roadblocks. a lot to talk about today. we are awaiting a news conference between u.s. treasury secretary steve mnuchin and will think schwab will. outspoken critic of the plan to introduce a border adjustment tax. let's get some insight -- kevin cirilli, chief washington correspondent, joins us from capitol hill in washington, d.c.. kevin cirilli: i think they have to provide some guidance in terms of what exactly does economic policy is going to mean . that led to markets, lawmakers, but also to the broader public. you know, the backdrop to all of this, david, is of course that president trump releed his budget proposal -- what is known as a skinny budget. on capitol hill and everything concerns, directly holiday -- how it will impact the markets in the broader swath of americans that helps to elect this president to office. david:

joining me now to discuss, the former chief of staff to democratic senator max baucus.republican senator from pennsylvania. and kevin madden, cnn political commentator. gentlemen, senator, first to you. it's a tricky thing, isn't it? you've got a very similar report coming out for february 2017 as you had for february 2016. you look at republican statements from then to now, it looks like a whole different world. there's some politics behind this, huh? >> of course. if i were the trump administration i would be saying, that's great but not good enough, we need more growth, we need higher job growth, we need to bring up that number that trump mentioned repeatedly during the campaign that of those out of the workforce who are alienated, particularly middle-aged men that are in pretty rough shape these days when it comes to finding good employment. that's what trump should be focused on. we need a tax bill. we need to reform obamacare. we need to not be satisfied with that number. >> i feel like i'm not hearing that good advice, senator, from republican statements i've see

joining me now is max baucus, a former u.s. senator. ambassador baucus, first to you.ry angry about the droe drones and missile defenses which it sees as infringement into its own territory. what do you see china doing now because we've been relying so long on china to restrain the north a north. >> we have no choice but to seize this opportunity and to lead. we are expected to provide leadership due to kim jong-un's irresponsible actions there. we have to stand up. i hope secretary tillerson and i expect secretary tillerson to do so and, more importantly, when the president xi visits mar-a-lago, i suppose this will occur this next month, it's very important that president trump make that -- give that message to the united states is leading, countries want us to lead. the fact of the matter is, china can't solve north korea issue alone, neither can japan and neither can south korea. it's only the united states working with those countries that we're going to find a solution. >> do you think that the new administration should consider bilateral talks with north korea, s

i'll speak to former ambassador to china, max baucus next.ncer: get on your feet for the nastiest bull in the state of texas. ♪ ♪ the battle has begun. ♪ soldier versus soldier. ♪ army versus army. ♪ nation versus nation. ♪ evony: the king's return. download now and play for free. hei don't want one that's haded a big wreck just say, show me cars with no accidents reported find the cars you want, avoid the ones you don't plus you get a free carfax® report with every listing i like it start your used car search at carfax.com >>> president trump is expected to welcome chinese president xi jing ping at mar-a-lago next month. secretary of state rex tillerson will lay the groundwork for this meeting while in asia this week. the biggest question, hanging over the secretary's trip, how will the u.s. help south korea's military without offending china's long-standing relationship with north korea? >> these are very clearly defensive measures we're taking in response to an increasingly worrying, concerning threat from north korea. china understands th

max baucus. jonathan: from new york and washington, d.c., you're watching bloomberg. york to $57 a barrel before declining to $55 for the rest of the year. still with us is jeff currie. demand talk about the problem and the supply response. walk me through where we are with both. >> think about the positive side of the ledger. we have seen an upward revision to 2016 demand levels and also macro data that suggests there is upside risk in growth in 2017. also you have had core opec compliance much better than what we thought. ledgernegative particularly in the u.s. the supply response seems to be gaining momentum much faster than what we thought. is productivity gains and also access to capital. we didn't change our forecast because the positive things offset the negative things and we and up in the same place and we are confident you are going to see those inventory draws. you put up that equation. we have prices only showing a modest appreciation up to 5750. the real core of our view is into a backward curve. we are getting close. underlying fundamentals are much more

max baucus will join us.ump release his budget proposal calling for deep cuts, but much like other can pick -- campaign promises, the budget faces major roadblocks. a lot to talk about today. we are awaiting a news conference between u.s. treasury secretary steve mnuchin

. >> max baucus had to work with us to get it done. we pushed it as broadly as we could.e wanted to have the top rate on individuals be 33. we had to make it 35, the difference between 33 and 35. we had to use that to move people off -- >> neil: i remember, karl. but these guys had an easier playing field because they controlled the house and the senate. i'm not so sure now they can do it. >> yeah, i think we'll get a tax cut bill. the key element though is not what the president does, not what the speaker of the house does but what is the relationship between the individual house freedom caucus member and their colleagues. are they going to in essence field some heat from their peers? david brat, you sit there and so no conservative was involved in writing this legislation. i'm a freedom caucus member and i'm on the house ways and means committee and i helped write this bill. is there that kind of relationship, they're having lunch, playing basketball, sitting in meetings. are they going to feel that heat from their colleagues? >> neil: we shall see. we're not there yet.

for more, let's bring in max baucus, former u.s. senator from montana. this morning. >> you bet. thank you very much. >> so i imagine you're unhappy about this plan. the question is what would be the right plan, and if we leave it the way it is, what would happen? >> i think cbo is by and large accurate. a lot of people will become uninsured. in addition to that, a lot of people are going to get hurt because they won't have health insurance. add to that, there's a big transfer of income, reverse robin hood, under this bill from the poor to the wealthy. i don't think that's the right thing to do. the answer is you got to slow down a little bit. i had a sign in my office which said -- had four rules. number one, remember the people you serve. number two, do it now. number three, do it right the first time. and four, make it fun. i think the republican plan is just too rushed. it was devised in secret. it's not rocket science here. you have to work together with groups as we did back when we wrote the bill almost ten years ago. all the major groups came tog

that this is a train wreck, according to max baucus who was the chairman of the senate financial committee that helped write obamacare. so democrats know they have to act as well and they should be falling over themselves to work with republicans to find an solution. this is an issue that should unite it, it shouldn't divide us. health care is about people, it's about relationships, and we need to focus on lowering costs, improving access and protecting people who are being hurt by the status quo. >> jenny beth, you mentioned off the top in listening to president trump that he mentioned the three stages. i think sean spicer called this a three-pronged phased plan. are you surprised maybe that the president or the white house was so caught off guard on this, in the sense that it's not as easy as one would think, getting something like this through congress? >> my surprise is not really with the white house. like john just said and what we heard from the president, we can all agree obamacare is a disaster. it's causing prices to go up. it is not doing what it was intended to do. what i conve

served as senior adviser for mitt romney's campaign, and a former chief of staff for ex-senator max baucus. so great to have you all on. and we'll get to numbers and cbo and that kind of thing in a minute. first, on wiretaps, kevin, to you, and i saw you shaking your head, listening to the "what am i, inspector gadget" sound bite from kellyanne conway. but what do republicans do if and when the doj has no evidence today on deadline today to present to these intel committees? >> look, both the house and the nat intel committees are looking at this, and that's where the investigation should be. they shouldn't really say anything until they get more information. and, you know -- >> what if they don't get more information? >> if the administration has information that he was actually referring to and it wasn't just from news reports, which we've heard, it really just was news reports, from what we've heard so far, they'll get to the bottom of it. there may be something there. there usually is a kernel of truth with what donald trump is talking about. whether or not it's a microwave spying on a

democrat max baucus, a former senator played a key role in pushing the affordable care act into law.joins me now. senator, thank you for joining us. i am curious. when you guys pushed the affordable care act through, it was march 2010. did you think in march 2017, seven years later, we might be here, republicans controlling the government, trying to repeal it? >> well, actually, the differences between then when i was chairman of the finance committee, primarily responsible for the bill, and now, could not be more stark. they could not be greater. it's black and white difference. back then when we enacted the aca i made sure that all of the major groups worked together. that is the business groups and consumer groups. doctors, hospitals, pharmaceuticals, senior citizens organizations, you name it. we sat down at the table, we put together a bill that provided better health care for all americans. it was very all inclusive. what's happening now? secret bill. a lot of groups don't support it. hospitals don't, nurses don't. doctors don't. senior citizens don't. it's because the approach

senator named max baucus. who knew that 38 years later, that kid from bozeman would serve as a united states senator and that kid from whitefish would be our next secretary of the interior. congratulations to ryan zinke, our new secretary of the interior who was confirmed with a very strong bipartisan support, and he is the first montanan to serve in a president's cabinet since our statehood in 1889. ryan, it's truly an honor to be one of the very first to call you secretary zinke. on behalf of the people of montana and our country, well done, sir. i yield back my time. mr. crapo: mr. president, it's my understanding that there is no one else who wants to speak on either side. at this point, i yield back all time on both sides. the presiding officer: without objection. the clerk will report the motion to invoke cloture. the clerk: cloture motion: we, the undersigned senators, in accordance with the provisions of rule 22 of the standing rules of the senate of the senate do hereby move to bring to a close debate

the reason this bill took so long, the affordable care act, is because max baucus, chairman of the finance committee, ited eight months asking for senator grassley -- who was the ranking member on the finance committee -- to participate in the health care bill. and it took eight months for senator grassley to decide, with pressure prom the party want to ey did not participate, in my view -- this is my personal opinion. you don't have to share this view. decided they did not want to have president obama be successful in this effort and therefore they were going to oppose it. so senator grassley after eight months told senator baucus i cannot participate andly not participate in writing this bill. so bipartisanship was on the table for eight months and was rejected, in my view, and in senator baucus' view, by senator grassley. >> as you say we don't always share the same opinion. to your point on cbo. i have a tremendous amount of respect for cbo. i really do. and as i said on the budget committee, we work with them constantly and they do a good job and they do the best they can. cbo o know

the reason this bill took so long, the affordable care act, is because max baucus, chairman of the finance committee, waited eight months asking for senator grassley, who was the ranking member on the finance committee, to participate in the health care bill. and took eight months for senator grassley to decide with pressure from the party, because they did not want to participate in my view -- this is my personal opinion, you don't have to share this view, decided they did not want to have president obama be successful in this effort and therefore they were going to oppose it. and senator grassley after eight months told senator baucus, i will not participate in writing this bill. so bipartisanship was on the table for eight months and rejected, in my view and in senator baucus' view, by senator grassley. mr. cole: we don't always share the same opinion. to your point on c.b.o., i have a tremendous amount of respect for c.b.o., i really do. and i sit on the budget committee and work with them constantly and they do a good job and do the best they can. i also know when c.b.o. looked at the