be they were problematic leading to his resignation well there are a few things i mean mick mulvaney isn't a dumb man he knows that he can't just shut off the lights of the c.f.p. so what he's doing is trying to roll things back piece by piece put on the brakes delay and deter when he can so they've done a few things piece by piece to do that so for example they've taken the student loan office and they have put it into a new office that's just about information education so it really defending the enforcement with a totally it's i know this i mean it's set up by statute you're going to have somebody that's dealing with student loans so they've taken that position and they said you're going to share office with those other people so it still i guess officially meets the mandate of the law but it's sort of practice it's not doing the job exactly because dodd frank says you have to have been so they can't get rid of it but they can put him in the office and say you share cubicle with someone else another example is the navvy and litigation so the c.f.p. be sued now which is one of the

be they were problematic leading to his resignation well there are a few things i mean mick mulvaney isn't a dumb man he knows that he can't just shut off the lights of the c.f.p. so what he's doing is trying to roll things back piece by piece put on the brakes delay and deter when he can so they've done a few things piece by piece to do that so for example they've taken the student loan office and they have put it into a new office that's just about into. nation education so it really defends the enforcement with a totally it's i know this i mean it's set up by statute you're going to have somebody that's dealing with student loans so they've taken that position and they said you're going to share office with those other people so it's still i guess officially meets the mandate of the law but it's sort of practice it's not doing the job exactly because dodd frank says you have to have been so they can't get rid of it but they can put him in the office and say you share cubicle with someone else another example is the navvy and litigation so the c.f.p. be sued now which is one of the

joining us now is white house budget director, mick mulvaney. let's start with the economy where there are clearly great numbers. gdp growth 4.1 percent. overall, unemployment 3.9 percent. blacks, hispanics and young people, the unemployment is the lowest in decades. here's what larry kudlow told the cabinet this week. >> we are crushing it. people say this is not sustainable, it's a one quarter blitz, it's nonsense. >>chris: director mulvaney, there are other economists who say we're on a sugar high based on tax cuts and big government spending that will last. i want to put up the projection from the nonpartisan congressional budget office, recent projection. growth of 3.1 percent this year. 2.4 in 2019. back down to 1.7 percent in 2020. are they wrong? >> yeah. we think they are. keep in mind all of the folks thinking is just a short-term sugar high. it's not sustainable, including the cbo. are the same people said it's impossible to get to four percent in the first place. they have a vested interest in seeing us fail. - - he said you can make

mick mulvaney joins us next. d p. lots of practice. get them started right with carnation breakfast essentials. it has protein plus vitamins and minerals to help kids be their best. carnation breakfast essentials. ancestrydna can open you to a world of new cultures to explore. with two times more detail than any other dna test... you can get a new taste of your heritage. only $59- our site's lowest price ever. whenshe was pregnant,ter failed, in-laws were coming, a little bit of water, it really- it rocked our world. i had no idea the amount of damage that water could do. we called usaa. and they greeted me as they always do. sergeant baker, how are you? they were on it. it was unbelievable. having insurance is something everyone needs, but having usaa- now that's a privilege. we're the baker's and we're usaa members for life. usaa. get your insurance quote today. >>chris: the economy has been a bright spot for president trump, highlighted by strong growth and low unemployment. but trade wars and a possible government shutdown loom on

white house budget director mick mulvaney joins usne next.p, , things get confusing pretty fast. you just want to get a real price and that's where true car comes in. only with true car can you see what other people paid for the car you want and you can connect with certified dealers who offer prices based on this same information. none of those other sites do that. from end to end, true car is your only one stop solution. >> chris: coming up, the white house says the trump economic strategy is working. >> we have a president who, in my words, is telling folks to take a whiff at the ball and they are doing it. >> chris: we will discuss ♪ >> chris: the economy has been a bright spot for president trump, highlighted by strong growth and low unemployment. but trade wars and a possible government shutdown loom on the horizon. joining us now, white house budget director mick mulvaney. director, let's start with the economy where there are great numbers. i want to put them on the screen. gdp growth in the secondoverall. the jobless numbers for blac

he is pointing out is that we don't fully understand what mick mulvaney's relationships are. i think we have some speculation as to what is going on, but he keeps alluding to the fact that the real issues going on inside the agency are not being made transparent. i think we have the same concerns, frankly, about u.s. department of education and secretary devos' relationship, both with these companies and for-profit companies. that transparency is key in order to be a little protect consumers. -- in order to be able to protect summers. places like navient are servicing loans, which people are struggling to pay off. many folks who are not able to repay their debt, it is not necessarily they did not have the money, but they were not given the right information, the repayment process and the collections process was not transparent to them, it was not easy to follow. and so we have people who were falling into economic hardship and defaulting on a loan is a very serious mark persimmon's economic record -- mark for somebody's economic record. is raisingt seth questions about is the

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economic benefits in a promotional video for walmart. >> 500 jobs in winnsboro. >> reporter: and mick mulvaneyas representative mulvaney representing that district. you don't see the hypocrisy? >> absolutely not. >> reporter: fanning, a democrat, says mulvaney's advocacy is neither hypocritical nor political pointing out in 2016 his district voted overwhelmingly for hillary clint clinton. he says the pair are helping but the president's tariff pain will be felt nationwide and his korgss wakorgs -- corporations warn of cutback and layoffs many can only wish they had two high level administration members fighting for them. martin savidge, cnn, winnsboro, south carolina. >> how do we make sense of this week? david axelrod joins us with the bottom line next. >>> it's been an eventful week for the trump administration, between michael cohen's guilty plea, omarosa's disclosures, now the "national enquirer" publisher flipping. >> i'm sure it's also been infrastructure week. every week is infrastructure week. >> so we can feel free to talk about that as well but some democrats think this is their gold

mick mulvaney is one of the fiercest deficit hawks.ht now, it is hard to find a deficit hawk in washington. when you say which party is more likely to address this, don't the american people say one party has both houses of commerce on the presidency. >> we passed one budget and we are looking to cut programs. the president put forward a plan to reorganize government, to help consolidate, eliminate waste, lower costs. but we also have to work with the congress to pass the spending bills. right now, the congress is not passing bills that are cutting the deficit. we need to enable more deficit hawks, like in the republican house of representatives. we need more of them in the senate to be able to pass those bills so we can make a true difference on reducing the debt. shery: thank you for your time. mark: british police have launched a counterterrorism investigation after a car rammed into barriers outside parliament. three people were hurt. police arrested the driver, a man described as being in his late 20's. authorities call the crash

there was trey, mick mulvaney, duncan and myself. >> i wanted you to talk a little bit about that. >>i thought mick came up with it because he wanted to self promoting moniker for. mick mulvaney, and jeff duncan, great congressman from the upstate of south carolina. the four of you had dinner regularly for a long time. i have a few things underlined here. but trey, you mentioned early in the book that television was a powerful force. you had 85 freshmen competing. if you got on tv when you are freshman they thought you you are relevant. and i'm out of work when the world sees you on television you have some statute. did you manage to get on television? >> i did not. i can either rob a local convenience store and gone television or just wait my time. i remember having dinner one night and this speaks to his humility. and he just graciously excused himself and said he has a prior commitment. thirty minutes later we look up at the television screen and he is on fox news. he could've been on television anytime he wanted to. i think to this day he declines a lot of opportunities to be in b

president has not been eager to make an immediate move, but he has talked to associates about mick mulvaney, nick ayer, chief of staff to vice president pence, and even other options like secretary mnuchin, close to the son-in-law jared kushner and senior adviser, has been mentioned by some trump allies. could be akin to president reagan in the late 1980s bringing in don regan. but for now the president is sticking with john kelly. >> we know that did not go well with don regan, especially if you ask nancy reagan back at the time. you have written a story tonight about the koch brothers. it was really extraordinary to read criticism of the koch brothers by the president this morning. the headline is trump feud with koch network exposes rift between populist forces and establishment gop. you're a broadcaster yourself. give us the viewers guide to this fight. >> the koch brothers have long been a power in republican politics. they gathered in colorado over the weekend. david koch has since retired from that famous koch brothers political partnership, business partnership. but charles koch, 82

wyoming and the chair of the homeland security committee as well as white house budget director mick mulvaneyour local fox station. check your local listings for times. the u.s. military facing threats on two levels. reported laser attacks on u.s. air force pilots and another country's military preparing for possible strikes against american targets next. >> trace: the united states military facing new threats from around the globe, including high tech attacks on u.s. air force pilots in the middle east. more on that in just a moment. but first, pentagon officials say the chinese military is likely training for strikes on american targets. a new report shows the chinese army has been practicing for potential long range bombing missions. the national security correspondent jennifer griffin is live for us at the pentagon with more. hi, jen. >> hi, trace, this annual pentagon report to congress warns china's military is likely training for strikes on the u.s. targets as you mentioned. the people's liberation army has gained experience in critical maritime regions and likely training for strikes

if confirmed she would secede mick mulvaney, acting director >>> british airways and air france announcingre suspended flights between london and tehran next month saying the route is not commercially viable it comes after president trump's withdrawal from the iran nuclear deal >>> and the u.s. banking secretarieser generated a record $62 billion in the second quarter. fdic contributing half of those gains to a lower affected tax rate melissa back to you. >>> shares down 9% for fireeye pete at the telestrator. what are you seeing? >> pretty interesting, mel, you mentioned fireeye, you think the stock would be screaming to the upside and it's not. the recent earnings, they missed and they missed. and that's a big problem they also did show 6% growth but they missed on what the revenues are it's interesting to see what buyers are coming in the september 7th month we're seeing buyers of calls all the way up to 44 cents they also came in and bought the 15.5 calls we're seeing a buy and a buy that's interesting that shows you that somebody is pretty bullish on fireeye. i liked what i saw i deci

mick mulvaney looks to weaken oversight of military lending, something that caught advocates for militaryf guard. there are real things happening in this administration every single day. it's not just a reality show there. >> it's not just a reality show, but it's hard to look away from the, you know, kind of the train wreck headlines that we see every day screaming at us, you know, and the way that he sort of commands attention is almost like a diversion from those other things that are going on. >> yeah, other things that affect millions of people, by the way, you know what i mean? important policies. >> we had primaries last night. zach, perhaps the biggest headline is what happened in vermont. the first transgender woman to win a primary for governor, christine hallquist. that happened yesterday. there were a number of results that were a bit surprising. but i want to ask you about what happened in kansas. even though this wasn't a vote last night, but the results finally became clear last night. kris kobach, who is a trump supporter, of course, was the lead investigator into trump's

[applause] >> mick mulvaney did a great job.e of the most dedicated campaign volunteers in this state. her cookbook,s fran. amazing wife, thank you, fran. fran dewine. thank you very much. [applause] >> great job. good book. i hear it's a good book. mike is running against the far left candidate, and you groomed bys pocahontas, the legendary pocahontas. no, actually, not that one. that one would have a problem. it wasn't that one. he was groomed by elizabeth warren. is codre. is realuble a guy that trouble. that's why you have these incredible two people running. state.estroy your he will destroy your state. he spent the last six years in regulaten trying to community banks. you all know about it. small businesses, all over the going into were oblivion. they were coming up -- i didn't know anything about them. president.unning for everybody said, oh, you're running for president? the people,ny of the fakers, they were saying, no, he's just doing this for fun. you think this is fun? [laughter] >> it's not fun. i had a fun life, b

mick mulvaney did a great job. i also want to recognize one of the most dedicated volunteers in the state. everybody knows her. mike's amazing wife. fran. thank you, fran. fran dewine. thank you very much. great job. good book. so, mike run's against the far -- so mike is running against the far left candidate. he was groomed by pocahontas. the legendary pocahontus. that one.ly, not that one would have a problem. by elizabethd warren. his name is cordre and he is trouble. he is a guy that is real trouble. that was why you have these two incredible people running. he will destroy your state. cordre will destroy your state. he spent the last six years in washington trying to regulate community banks. you all know about it. small businesses all over the place. they were going into oblivian. they were coming up. i didn't know anything about him. i started running for president. everybody said oh you're running for president. remember many of the people back home, the fakers. they were saying, no he's just doing this fo

mick mulvaney. >> all the credits. >> go on and on. right?use a dungeons and dragons expression, drifters. >> for the people who are about to vote. >> if you make a magic cards reference. >> i will not. i guarantee you. the people about to vote it's important to remember these leaders don't care about you. they care about themselves. they are enriching themselves, and eddie, earlier you mentioned delegitimizing efforts that this president is under. that's what's happening. they're delegitimizing the truth, delegitimatizing the norms that run our country, the way we're supposed to interact with one another and permitting all the horrible versions of those things. end of the day, they're there to get themselves rich. >> not all of them. because we don't want to say it's all. that discouraging people from turning out. >> i want to jump in -- >> don't care about the people who don't have it. >> it's not just republicans, too. yes, the trump associates but the fact a member of congress can sit on a board of a company like that and also be on a com

mick mulvaney, the budget director, said between $10 and $30 million.e president is using that extra money that i guess he says he now has on fighter jets, right? >> well, probably. there's going to be a new f-35 contract coming soon, but i don't know if it will be that clear cut that they'll move it directly over to buying new jets. >> let's talk about privatizing the war in afghanistan. nbc news had some exclusive reporting today that president trump is showing new interest in erik prince's plan to privatize the war in afghanistan. prince wants to replace troops with private military contractors and contractors would work for a special u.s. envoy who would report directly to the president. this would completely circumstancircumvent the pentagon, completely circumvent james mattis. >> of course and this isn't the first time we heard this plan surface. last summer when there were weeks and weeks of discussion about the south asian strategy, it was how to deal with the political situation, political and diplomatic in afghanistan and pakistan as well. at

2016 and is the latest high-level departure from the consumer financial protection bureau since mick mulvaney took over last november. >>> up next, what the loss of john mccain means to the republican party. i'm joined by ohio governor john kasich. >>> plus john mccain's moving farewell message to the nation. you're watching msnbc. you're watching msnbc. so you jd telling people geico could help them save money on car insurance? yea,that and homeowners, renters, motorcycle and boat insurance. huh.that's nice. what happens when you catch a fish? gecko: whoa. geico. more than just car insurance. see how much you could save at geico.com. i'm ok! i'm ray and i quit smoking with chantix. i tried to quit smoking for years on my own. i couldn't do it. i needed help. for me, chantix worked. it did. chantix, along with support, helps you quit smoking. chantix, without a doubt, reduced my urge to smoke. when you try to quit smoking, with or without chantix, you may have nicotine withdrawal symptoms. some people had changes in behavior or thinking, aggression, hostility, agitation, depressed mood, or su

he has resigned doing so in a scathing letter to acting cia director mick mulvaney we've spoken about him before that a party officials frontman wrote to mr rove any quote under your leadership the bureau has abandoned the very consumers that is passed by congress with protecting i have seen how the current actions being taken by bureau leadership are hurting families for more on this we are joined by counsel for civil justice and consumer rights at public citizen reminiscing a greg remington thank you so much for being with us who can be fun i look for to talk to find given this disappointing and disquieting news right of course so look i mean this is a big deal this guy is in charge of protecting not just students but former borrowers and they're go there go their families seems like a big deal right it is a big deal to see if he has returned seven hundred fifty million dollars to students since it was stood up and was stood up after the financial crash the great recession and part of the reforms in dodd frank were to create a student someone to look over to be an advocate for stude

- allow you to be able to say it's jeff's fought, and jeff can say it's -- and they can go to mick mulvaney'sfault, and we'll just keep going from there. we do appreciate this because the usa jobs does have to get fixed. >> hiring has to get fixed. that's all of our jobs, but that's my responsibility. >> and we'll talk about that in just a moment. senator hassan wanted to ask some additional questions as well. >> thank you very much, chairman lankford. dr. pon, i wanted to follow up with you on the official time proposal that you were discussing with senator harris. this official time proposal would limit workers to spending 25 percent of their time on official time, but the same amount of official time needs to be done regardless of how many people are doing it. that means you might end up with four people working 25% of their time instead of one person at 100% to get the work done. why is four people doing this work part time more efficient and effective that than one person full time? >> i think there's a balance, senator, between what you do for the union, what you do for your government,

this year under mick mulvaney we have seen what having a consumer bureau that shaccountable to wall street rather than what regular americans looks like. mulvaney canceled enforcement actions against payday lenders. he encourages big banks to throw even more money at members of congress. he went in front of, i believe, the american bankers association and said if you want to get your way with congress, you have to give more money. this was the president's appointed head of the consumer bureau. perhaps most dispick my earlier this month, he announced he would no longer protect service members and their families from shady lenders that try to cheat them. just today, the head student lindy watchdog at the consumer bureau resigned. he said in a letter of resignation. it's become clear at this bureau that consumers no longer have a strong independent consumer bureau on their side. because of mulvaney, because of the white house looking like a retreat for wall street executives, this -- this leader in the consumer bureau who is fighting to protect students who have been defraud bidle financial i

. >> mick mulvaney is a strong budget cutter but he is up against a lot of different forces -- >> he is the president. >> the healthy way to attach debt and deficit around grow revenues. >> you can't sit here and say that donald trump has ever been a deficit hawk? that is totally divorced -- >> charles, i'm not calling him a deficit hawk. but what i'm saying is, what i'm saying is, the healthy way to increase revenue streams without confiscating more from the american peel, we increase revenue streams, deregulating cutting taxes. he is doing that. connell: roll this back a little bit get back to the trade issue. china through the state media slammed the president for what he described as extortion. our market since the election, chinese market has been slumping. that on this trade war brings us to the idea, second a ago. we can with stand some of this. argument, the chinese haven't blinked yet. >> in the past they haven't attacked president trump personally. he is doing street fighter style deceitful drama, in quotes of extortion shun and intimidation, it ends the u.s. put itself and

mick mulvaney, paul ryan. neil: you were invited? >> someone in the white house likes me.asn't. [laughter] >> you went to the trump fund-raiser where he went to fire the fed chair. neil: right. >> i'm saying trump didn't invent the tax cut and deregulation but he put together -- neil: without the tax cuts and deregulation, it would have -- >> probably. that's what history tells us. neil: the unsung hero is bernanke. i'm not saying that's a good or bad thing. the fed kept rates so low for so many years, without that i don't know if we could have done any of this. >> yeah, ben bernanke is a student of history. i went to a conference once with a guy named kyle bass, a really good investor and made a lot of money during the financial crisis but lost money early on because he didn't predict. i asked him, i said how come you couldn't understand when the dow hits 6,000 that it would rebound from that. he said how would i do that ben bernanke would print money? and i turned around and said how did you not know that? if you look at ben bernanke, a monitorist, studied the great depr

host: how is he doing that, so, within the federal government, the mick mulvaney 122 page report aboutow he wanted to revamp different bureaus within the federal government, it was an awful lot of privatization. i'm not one that says everything should be public. but a good, healthy for public-private balance, there is something to it. host: let's go to roanoke, virginia. john, what union are you in? caller: sheet metal local. host: how do you plan to vote? caller: i wouldn't vote for trump again. on account of the corruption. the reason i call this morning is to tell you that every time i walk into a walmart, i see these greeters standing there. older people. there to keep their health insurance and try to meet -- make ends meet. if you are union and you put 25 years in the union, you don't have to do that. you don't have to and and walmart and begged for tips and quarters. it's kind of a pitiful thing, was lucky. i was in the union. i get a union pension. i see these older people around me suffering. trying to make ends meet. your pension will last you through retirement? how much do

south carolina and helped recruit this company to the state in 2013, as well as omb director mick mulvan mulvaney district included wins borrow in fairfield county where this facility is located both of course have since joined the trump add strargs, but senator fanning says mulvaney has been an advocate to keep element's door opening, but a senior omb official says that mulvaney continually advises the president and ultimately president trump will make the final decision adding to the director has never spoken with the president specifically about element. we should also note that element has actually gotten push back from groups including the alliance for american manufacturing. they say they import their products from china and put them together here and they are not a true american manufacturer and therefore should not be exempt from tariffs, guys back over to you. >> kate, thank you very much kate rodgers. >>> when we come back st. louis fed president jim bullard will join us live from jackson hole, wyoming where central bankers are meeting to discuss interest rates, the global economy and m