mr. mulvaney: it is true. the cdbg program is a block grant to the states and some states do choose, choose, to use some of that -- mr. sanders: and you eliminate that program. the bottom line is -- mr. mulvaney: senator, i mean, if you -- mr. sanders: go ahead, answer the question. mr. mulvaney: the total money for meals on wheels that comes from cdbg is 3%. that's it. i don't know how you can possibly could be can be -- contend that we're -- sandsapped you're eliminating the program that funds not only meals on wheels but many other programs at the discretion of governors and -- mr. mulvaney: i would be more than happy to have long discussions about cdbg's. you asked about medicaid. the slashing of medicaid, the dramatic cuts to medicaid, is a slower growth rate of medicaid. there's one year exception during the affordable care act where, excuse me, the american health care act, where the bill calls for the end to expansion and there's a small reduction that year. but generally speaking, medicaid spending goe

mr. mulvaney: it is true. the cdbg program is a block grant to the states and some states do choose to use some of that -- mr. sanders: you eliminate that program. the bottom line is -- mr. mulvaney: senator. mr. sanders: answer the question. mr. mulvaney: the total money for meals on wheels that comes from cdbg is 3%. that's it. i don't know how you can possibly contend -- mr. sanders: you're eliminating the program that funds not only meal on wheels, but many other programs at the discretion of governors and -- mr. mulvaney: i would be more than happy to have a long discussion about c.b.c. you asked about medicaid as well. the slashing of medicaid, the dramatic cuts to medicaid is a slower growth rate of medicaid. there's one year exception during the affordable care act, where -- excuse me, the american health care act, where the bill calls for the end to ex pandpangs. there's a small reduction that year. but generally speaking, over the 10-year budget, medicare spending goes up every -- mr. sanders: so does

mr. mulvaney. you mentioned that the president promised that he would not cut social security, medicaid and medicare. and after he won the election, with the help of plenty of older americans, i think we're seeing today a tremendous betrayal of that promise and of the people who rely on those programs. and i think it is in order to give enormous tax cuts to the wealthiest individuals and corporations. he never did say social security retirement. he said social security, medicare and medicaid. and the trust fund, the social security trust fund has two major components. the oasi, old age and survivor insurance, and ssdi, the social security disability insurance . the contributions come from the same payroll tax, they go into the same social security trust fund and together make up what we know as the social security program. yet this budget makes dramatic changes to ssdi, that would, among other things, cut the retroactive benefits that a serious disabled construction worker, for example, can receive

mr. mulvaney: you tell me. the natural science foundation last year use your taxpayer money to fund a climate change musical. do you think that is a waste of your money? reporter: what about climate science? mr. mulvaney: i'll take that as a yes, by the way. you see my point. what you saw happen during the previous administration was the pendulum went too far to one side. we were spending too much of your money on climate change and not very efficiently. we don't get rid of it here. do we targeted, sure. do epa reductions aimed at focusing on climate science, yes. does it mean we are anti-science? absolutely not. we are trying to get things in order to look at the folks who pay the taxes and say, we want to do some climate chance but aren't going to do crazy stuff the previous administration did. i will note you didn't say anything about my musical. talking about assumptions, what are your assumptions for the budget in reference of the wall? congress has come on the record and said they are not in support of sp

mr. mulvaney: i do. there are many more appropriation bills that passed with just republican support that people don't realize. you don't hear about them because they die and the senate is incapable of passing a bill they cannot pass in the house because they have to pass the 60 vote rush holt. i think you are selling the republicans short, your selling the leadership -- let them speak their mind and their voices be heard in the next appropriations process, which starts today. this puts 17 to an end, but the discussion about the 18 funding begins right now and we very much want to see the ordinary appropriations process function. anything we can do at the white house to encourage that to happen, we will do it because we do not want to be here again. one of the things you asked about as far as changing washington -- if the appropriations process is still not working by september, that is a bad thing for the country and a bad thing for the congress, by the way. one of the things we like as members of the g

mr. mulvaney: i can't speak to the oecd because i'm not familiar with that. what i will tell you is we do not believe that the proposals that we've got would harm the domestic production ability. in fact, one of the reasons we believe that we can reduce prices. and of course, if you do it slowly, if you telegraph it over the course of time, there's a way to do it without having a dramatic impact on prices. by the way, what she's talking about is we proposed to reduce the size of the strategic petroleum reserve, which was put in place back in the 1970's. it may have been the early 1980's by the time that actually got funded. and at that time, i think we were importing over 6 million barrels of oil a day from the middle east and we had limited domestic production. that's why you do it, right? it was a national security argument -- if we're going to rely so heavily on imported oil, then there might be a national security, and certainly an economic argument, to not exposing ourselves to the risks like the oil shocks that we had in the 1970's. that risk goes down

mr. mulvaney: you tell me. national science foundation last year used your money to fund a climate change musical. do you think that is a waste of your money? >> what about climate science? mr. mulvaney: i will take that as a yes. i think what you saw with the previous administration is the pendulum went too far to one side. we don't get rid of it here. do we target it? sure. a lot of the u.k. reductions are focused on reducing climate science. on anti-science? no. --weant to take the votes will not do some of the crazy stuff the previous administration did. you did not say anything about the musical. >> i wonder if you are talking about assumptions, what are your assumptions for the budget in reference to the wall? congress has come on the record in saying they are not supporting funding it. folks areey: some supportive of it. i don't know if there is anyone here who broke the embargo. there was only one place i think. i read the article yesterday about how we supposedly dramatically reduced our request for th

mr. mulvaney? >> actually, congressman, i think my comment was that you do believe in defense. >> i heard it other wise. >> i'm sorry. then i would like to correct the record. i think i said you were accused of not supporting national defense and i think that thought was wrong. >> thank you, i misheard it. i appreciate you setting the record, because i had some choice words for you, so thank you. let me just say that for a number of years, the department of defense overseas contingency operations known as oco which is used a budget practice to circumvent budget caps there are billion dollars for oco for budget activities and that on fis kates innocento vised long-term plans and does using oco designation adhere to your notion of sound budgeting and accounting principals. you've been a fierce critic of the oco budget as a member of congress and characterized it as a gimmick and does your budget include oco funding for nonwar activities? >> congressman, our budget does include oco during the ten year

mr. mulvaney: $2 trillion to $10 trillion. sand that's not true. we don't know when people are going to be dying, that's for sure. mr. sanders: but you can make those estimates. mr. mulvaney: we don't know when people are going to be diing? mr. sanders:. no but the truth is if the family is worth -- mr. mulvaney: i'm pretty sure they're going to die eventually. mr. sanders: that we can be pretty sure of. mr. mulvaney: at least we agree on something. [laughter] mr. graham: that's borderline fascinating. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] [captions copyright national cable satellite corp. 2017] >> steve mnuchin testifying now about president trump's budget plan and efforts to change the u.s. tax code. he answered questions before the senate finance committee this morning. >> i want to briefly comment on the horrific terrorist attack in manchester. americans are bound to our british friends by a common language, culture and many other things such as th

mr. mulvaney, please begin. director mulvaney: thank you so much. it is wonderful to be back here in this wonderful room to present to you the president's fy 2018 budget. the title on the cover is a new foundation for american greatness. as you can imagine, i spent a lot of time in this document over the course of the last couple of days and weeks. i wish now that i had changed the title on the cover. a taxpayer first budget. as i went through it, i thought, ok, we've got this title, this name, what is new about it? one of the things that is new about it is that we actually did look at the expenditures through the eyes of the people who pay for it. we look at the impact on the folks receiving taxpayer dollars are not nearly enough time focusing on the folks who pay taxpayer dollars. imbalances within 10 years, something the previous administration was in capable, unwilling to do for their it years -- there eight years in office. it's important for us to have a conversation about borrowing money. we do something unusual when we compared to the previo

mr. chairman. welcome director mulvaney. i have tremendous concerns about a wide variety of issues in the budget and how they do not match up with priorities of michigan families. all talk about one that has caused terrific concern in michigan and all around the great lakes that is the question of completely limiting the great lakes restoration initiative which funds the cleanup about beaches, protecting our fish and wildlife. we have challenges with asian carp right now getting into the waters. that is funded through the initiative which is a bipartisan effort we started in 2010.we have about 20 million people that get their drinking water from the great lakes. i can look at all of it. boating, fishing, hunting, jobs, connecting with the economy. you eliminate all them that and then on top of that go into this farm bill to eliminate a voluntary conservation effort to protect watersheds.that we are now having great success with wandering with farmers and conservation groups like -- and other groups to address runoff and wate

mr. chairman. welcome director mulvaney. i have tremendous concerns about a wide variety of issues in the budget and how they do not match up with priorities of michigan families. all talk about one that has caused terrific concern in michigan and all around the great lakes that is the question of completely limiting the great lakes restoration initiative which funds the cleanup about beaches, protecting our fish and wildlife. we have challenges with asian carp right now getting into the waters. that is funded through the initiative which is a bipartisan effort we started in 2010.we have about 20 million people that get their drinking water from the great lakes. i can look at all of it. boating, fishing, hunting, jobs, connecting with the economy. you eliminate all them that and then on top of that go into this farm bill to eliminate a voluntary conservation effort to protect watersheds.that we are now having great success with wandering with farmers and conservation groups like -- and other groups to address runoff and wate

mr. mulvaney, from my humble point of view. if we do not help the king of jordan moore, at a time of critical need, his kingdom could fall. if we do not push back from russia and help those in the crosshairs of having everything destroyed, i do not know what the cost to the taxpayer is but to me it is an unacceptable cost. the reason i vote no is because soft powers destroying the budget. >> thank you senator. >> senator whitehouse.>> thank you very much, chairman. esther mulvaney, can we talk about the tax reform proposal? you just said that you assume that the tax reform plan is going to be deficit neutral. is that correct? >> yes, senator. >> your presentation to this committee states that it is deficit neutral, correct? >> basically had three choices. >> so there is no scoring on it this is an assumption? >> yes we will be deficit neutral and we picked the middle way. >> the way you get to that conclusion is that you recognize that there will be immediate revenue reductions from lower tax rates and calculate that they will

. >> woodruff: later, white house budget director mick mulvaney said mr. trump is unhappy with portrayals that democrats won the budget fight. >> the president is frustrated with the fact that he negotiated in good faith with the democrats and they went out to try and spike the football and make him look bad. it doesn't surprise me at all that his frustrations were manifested in that way. we've got a lot to do between now and september. i don't anticipate a shutdown in september, but if negotiations, if the democrats aren't going to behave any better than they have in the last couple of days, it may be inevitable. >> woodruff: the leader of senate democrats, chuck schumer, said shutting down the government at any time would be a bad idea. a guilty plea today from a white former policeman who shot a black man to death in charleston, south carolina. michael slager shot walter scott five times, as scott ran from his car in 2015. a state court jury deadlocked on murder charges, but today, slager pleaded to federal civil rights violations. under the deal, the s

mr. chairman. >> thank you senator sanders. our witness this morning is mick mulvaney. the director of the office of management and budget. having only been confirmed by the senate on february 16, 2017, it is safe to say that director mulvaney has had a busy few months. prior to this time he served the people in the fifth district of south carolina as our congressmen. he was first elected in 2010. during his time in congress he served about the budget committee and the joint economic committee. we look forward to receiving your testimony. director mulvaney, please begin. >> chairman nc, senator sanders, members. it is wonderful to be back here in this wonderful repair to present to you the presidents fiscal year 2018 budget. the title on the cover is a new foundation for american greatness.as you can imagine i spent a lot of time in this document over the course of the last couple of days and weeks. it was never had change the title on the cover. i was at the title was a taxpayer first budget. as it went through i said okay, without this title, we have his name, is the

mr. mulvaney: my wife really enjoy spending it this way. >> two weeks ago, the governor of mexico who isof the governors association said the effort to get appropriations in the budget meant the administration was giving up on having mexico pay for the wall as the president promised. other mexican politicians have repeated what he has said. what is your response to that? mulvaney: we have an opportunity to move quicker than we expected. because president obama was not able to sign a full-term cr, we got a fight at -- got a bite at the 2017 apple. if president obama had passed one in 2016, we would not year because this would have been dealt with and none of this would have been available. none of the additional spending for defee,chool choice or the border. second unexpected light at the 2017 apple and we are happy to

mr. mulvaney. really trying to put the reporters in their place. quite a feisty press conference there. he runs the office of management and budget. i'm trish ren, welcome everyone, to "the intelligence report," joining me for analysis of it, we have fox news contributor mercedes schlapp, former dnc press sect jose ariste and hugo gerden. hugo, start with you, you have democrat that are trying to spin this as a huge win for them which is silly, they didn't get everything they wanted. it was a win for both sides, which is what you want right now, and you got a testy press corps that was given mick a hard time there, he wasn't having any of it. what is your reaction? . >> the omb gave it back to them, it was a forceful performance and quite frankly a necessary one. i had democrats crowing to me last night about the fantastic deal they got and saying we're amazed, we got everything we wanted. if you looked at deal, the point the omb director mulvaney made was there was $21 billion of extra spending and in this deal the administration ended the dollar for dollar defense and nondefense spend

mr. mulvaney, the o and b director. it wasn't just staffers up there. it was a gup party. they are entitled to their part they were in public view. i got flak for tweeting that public out. they are in the public eye, we take pictures. they are in the public eye, i'm not going to apologize for that. one more comment on the leaks that we have had. it's usually one staffer sandbagging another staffer or one staffer trying to leak something to get their policy position. the leaks we have coming out of the trump white house are leaks about the president, about the principle. that's not something we have seen for some time. i don't know the distinction between leaking and whistle blowing but it seems to me when you think you are seeing something absolutely wrong and you need to call a whistle on it, that's more in the whistle blowing category than leaguing. without making a definition of what we've seen in the last 24 hours. these go to the very top. that's an interesting dynamic to me. >> hans nichols, thank you so much as we thank jeremy bash, beiana goal riga and eli stokels.

mr. mulvaney is referring to is suppose to ensure, quote, u.s.climate change musical fits into that remit but they've also funded such things as viking textiles and the social impacts of tourism in the northern tip of norway. your money at work. stuart: i want to run that musical throughout the show. we paid for it, we play it. ashley: it's melting. [laughter] stuart: earlier on the show we showed you demonstrations in mcdonalds headquarters, they are demanding $15 an hour. protests actually fizzled out basically. joining us now former ceo of mcdonalds, ed ramsey. >> thanks for having me. stuart: i think the whole movement towards $15 an hour, i think the whole movement is fizzling? >> it's falling apart. cook county here in illinois raised to $15 in this rounding cities don't have to comply so they're all bailing on cook county's initiative. look at seattle and look at all the restaurants that are closing, dry cleaners, beauty sallence, -- salons and it's got nothing to do with rising up people that need more income, it's got everything to do wi

mr. mulvaney. i'm on the budget committee. at this point the democrats are fighting against the cuts. the republicans, some are saying that they're concerned about some aspects of the budget. but senator mccain said it was dead on arrival in the senate. i was also in a hearing with secretary of education devoes, a there's a 13% cut in public education within the department of education. how do young people, our most vulnerable kids go to school and receive a quality education? so at this point, democrats are fighting very hard. we're resisting and saying hands off. we're saying many of these budget cuts, most of them actually are promises the president said he was going to create jobs, he wasn't going to touch social security and here's cutting social security disability payments. >> the white house says that this plan is based off this idea that the economy will grow by 3%, that we'll get people working again and hiring again. and they're not going to need these programs any longer, because more people will be making more mon

mr. mulvaney said today. there doesn't appear to be a lot behind that. certainly the sort of zig-zaging and conflicting messages coming from the white house and from the president's twitter feed is making life a little bit difficult for g.o.p. leaders up here over the course of the last several days. >> all right, mike, thanks for that. we're going to take a quick break, still ahead though we're going to talk to one of those republican members of congress who is against this replacement plan, this obamacare replacement plan that is teetering on the brink of defeat right now. >>> also, new details about president trump's high stakes phone call with vladimir putin, the russian president. that took place just a couple hours ago. of course it comes amid rising tensions over syria, and all of those questions about russia's involvement in the american presidential election last year. they talked today. we're going to have details coming up. we've done well in life, with help from our advisor, we made it through many market swings. sure we could travel, take it

mr. mulvaney's beliefs, but he was an outlier in the congress when he called for the government to be shut down and when he wants to have the government play so little a role in helping the middle class that it's harmful to america. and there's another one that really is worrisome. recent reports say that the president's budget will target medicaid for significant cuts as large or larger than the $880 billion the house republicans would cut in their trumpcare bill. this would cut -- pull the rug out from so many americans who need help. those suffering from opioid and heroin addiction, people in nursing homes and their families who care for them, the elderly, the disabled and children. medicaid has become a middle-class program. opioid addiction. what about a 40 or 50-year-old couple that has -- trying to raise their kids, saving for college and has a parent who needs to be in a nursing home. right now, medicaid pays for it. what are they going to do when that's cut. they have two choices. shell a huge amount of money out of their own pocket which they can't afford or maybe bring mom or da

mr. mulvaney, back in march, talked about, cutting the department of state's budget, 28%. cuts to commerce, ago culture, energy, transportation, housing all in there, but it is $800 billion in cuts to medicaid which are expected to be a part of this. that is part of the american health care act which the house passed last week, that the trump budget is goingassume becomes law. now on tuesday, secretary mnuchin will also, treasury will testify before the house ways and means committee, rather, wednesday he will be testifying, on tuesday, house ways and means committee will hold hearing on border adjustment taxes and other policies that boost jobs and investment and growth in the united states. on wednesday you get secretary mnuchin testifying on the budget and testify about a border adjustment tax. you have omb director mulvaney testifying before a house budget committee on wednesday about this budget and what the prognosticators say this budget is a perhaps outline for the administration. they don't expect, for instance, members of the senate who are republicans to buy int

mr. mulvaney, i don't think that word means what he thinks it means. compassion. feeding starving children. helping a father get become on his feet after a job loss. helping a mother get back on her feet after a job loss. cleaning up poisoned water. ensuring everyone has a chance at living a healthy life regardless of how much money they have. that's compassion. not turning our backs on these people. tax cuts for the wealthiest among us at the expense of the public safety net is cruel. it is coldhearted. and mr. speaker, i'm sick of it. i assure you that's not compassionate. i hope my republican colleagues will have the courage to stand up against this administration and do what is right for the american people. i reserve the balance of my time. the speaker pro tempore: the gentleman from massachusetts reserves. the chair recognizes the gentleman from georgia. mr. woodall: i advise my friend from massachusetts, i do not have remaining speeksers remaining and i'm prepared to close if he is. mr. mcgovern: mr. speaker, throughout this campaign -- throughout his campa

mr. mulvaney i don't know how many times.e number when it comes up on the phone, president tribe. i'm not home, not available. >> is there's no caller i.d. is what it says. neil: you obviously felt the pressure. the president was much more engaged in the second incarnation of the first. is that true? >> i wouldn't call it pressure. the real pressure as let's do it we told the american people we are going to do. neil: at a white house event the other day, i don't think it's a very good idea to vote for this thing. >> i get all that. my job is to direct told the voters i was going to be repaired washington inside pressure. who cares if it's what about the american people sent us to do. a big step in that direction and we are supporting it today in the vast majority of freedom caucus hearing just a few minutes. neil: you said the vast majority. there are going to be some holdouts. the ones holding out, is it because of the added cost? >> no, i think it's because it's not quite fully repeal of obamacare. it is only going to be tw

mr. mulvaney. this is the soundest budget philosophy i have seen this 40 years.stion, the budget director said they're not going to touch medicare or social security. can you balance the budget without touching those two gigantic entitlement programs? >> i think it's -- you can balance it if you get to 3% growth. if not, i think raising the retirement age and looking very seriously at medicare, making that for people that are a little bit older, say 68 makes a lot of sense. stuart: you need tax cuts for 3% growth? that's the bottom line? >> yes, you do. you need tax reform especially so the tax system more reasonable, but you're going to need tax cuts, and you're going to have to pay for it by cutting entitlements, making those people that are refusing to work go back to work. tooth institute okay. strong stuff -- stuart: strong stuff. peter, we appreciate your expertise. thank you, sir. >> take care. stuart: peter kiernan is with us, your first impression from mulvaney. >> i have to compliment an adult conversation rather than talking past each other, to is i li

mr. mulvaney left capitol hill and went across town to the white house he's maybe lost a step. >> i've seen guys like this. he looks like a real estate developer. and here is the second phase. going to be a beautiful condo. >> again, you have to mime that part of it. there is no wall there. >> what's going on, jake. i'm a little confused. >> if you talk to republicans on capitol hill, especially conservative republicans like mulvaney. his old friends on capitol hill, they say they lost this funding debate. they didn't get money for the wall, hardly got any priorities through. republican leadership takes issue with that. i'm sure you will all be getting text messages shortly. they think they got -- they did get some increased surveillance money. they call it a down payment on the wall. let's be completely clear. this funding bill will not build a wall, period, the end. >> whoa. these things are going better on health care. here is the headline for "the washington post," harold ford junior. gop health care bill on shaky ground. >> not a good headline. >> it's not. >> i don't understand why ni

mr. spicer and mulvaney kept pointing to is not an existing border barrier at all.act, it's just a fence put up by the construction crews working on that part of the wall since before president trump took office because that money was funded under george w. bush. gary's back at it trying to get answers from the white house about what he learned. here's his report. >> reporter: this is gary tuchman from cnn. we started calling and sending e-mails to the white house, the president's press secretary and the budget director to ask about their incorrect claims about the fencing found on the border near new mexico. we got no reply so we set out to get a closer look at the barrier. you can't get close to it on the american side, but you can when you make the short trip to mexico. >> we're american reporters from cnn on the mexican side. how's the construction going? >> we're not allowed to talk about it. sorry. >> reporter: everything safe? >> yeah, everything is safe right now. >> reporter: there was unhappiness about the construction in this desperately poor neighborhood

mr. director, happy anniversary. dir. mulvaney: my wife and i really enjoy spending in this way. the couple weeks ago chairman of the mexican governors association says the effort to get appropriations in the budget meant that the administration was given up on having mexico pay for the wall, as the president promised. other mexican politicians have repeated what the governor has said. what is your response to that? we have had the opportunity to move quicker than expected. because the president was not able to add a full-term cr, we got a bite at the presidential apple. note of this would have been available. another the additional spending -- none of of the additional spending would be there because president obama would not have signed that. we got a second bite at the 20 17th apple. my job is to spend the money. we are working to get mexico to pay for it. that is not my concern right now. we are trying to get this thing billed. >> it looks like you have a wall they are already. -- there already. dir. mulvaney: this is the picture of the levee wall. this is what it looks like

mr. kimmel chokes up as he speaks about shouldn't ever family have the reassurance that their family would have their needs addressed. i am struck that mick mulvaney disagreed with mr. kimmel. we all -- this is not a republican issue, not a democratic issue, it is an american issue. but it's also -- it's in society's interest. i can tell you, i am a physician. i worked in a public hospital for the uninsured for 30 years. and i tell folks as long as that emergency room door was open, no matter what time, day, or night, there through that door came folks who had all kinds of health care conditions. and some of them would come every week. some of them would come twice a week. we called them frequent flyers. they may have been addicted or mentally ill, may have had terrible diabetes, which is poorly controlled or bad asthma and they would come in with an exacerbation and couldn't breathe. now, every time they come in, there is a $2 to $20,000 charge. every time. but if you manage that patient through a primary care office or an attached urgent care have the, what you're charging $2,000 for here you request manage for $150 there. and not only that, mr.

morning with white house budget director mick mulvaney, one of the key players at the white house in getting the healthcare bill through the house. good morning, mr. director. >> good morning, john. thank you for having me. >> thank you for being here. if i get healthcare through obamacare, what kind of promises does this house bill make to me? >> that it will actually be there. one of the reasons we are pushing so hard to replace obamacare -- bay by the way i was on it when i was on the house, i was actually on the exchanges, and one of the promises we are making to people is that the healthcare that we will be providing will actually be sustainable and be there. one of the stories i think that isn't getting nearly enough coverage is the fact that obamacare is already failing in places like iowa and i think even virginia found out this week they won't have coverage in some places. so one of the big pushes we are making is, we are going to provide a system that is actually sustainable and can survive and provide healthcare. >> dickerson: but of course people hear about the congressional budget office assessment of this house bill and when you say

mulvaney sounds like a bond villain who explains his plan while bond escapes. [ light laughter ] "you see, the coal miners were merely a pawn, mr now it is time for you to -- where did he go?" [ light laughter ] "oh, no!" now if that all sounds bad to you, i have a feeling the white house agreed, because mulvaney's appearance, white house press secretary sean spicer, was supposed to take questions, but instead he just walked out leaving the press corps to shout his name. >> will you guys just email where that wall is from exactly, so we can identify location? appreciate it. thank you so much. [ talking over each other ] >> sean? hey, sean! sean! sean! >> come on, sean! >> no! >> sean. >> seth: come on, sean! [ laughter ] sean, come on! don't take the basketball home, sean! sean spicer must hear that sound in his nightmares. >> hey, sean! no, sean! >> sean! >> sean! come on, sean! >> seth: "remember 5.1 million people at the inauguration!" [ light laughter ] so if you're a trump supporter, how do you make sense of these constant contradictions on things like health care policy? well, let former republican congressman and trump s

mr. zartagy. thank you for letting me have a shoutout to my wife. >> can you tell us where that wall is? >> mick mulvaney strongly defending this short-term budget bill, spending bill to keep the government operating even in the face of a lot of criticism from republicans that the democrats basically got what they wanted. also, trying to explain the president's sort of controversial tweet this morning. i'll put it up on the screen right now. the reason for the plan negotiated between the republicans and democrats is that we need 60 votes in the senate which are not there! we either elect more republican senators in 2018 or change the rules now to 51%. our country needs a good, quote, shutdown in september to fix the mess. you know, david chalian, causing a lot of concern right now that, in effect, the president is threatening for a shutdown in september when the fiscal year ends. >> that's the opening bid to the 2018 budget process. you heard mick mulvaney say, it was very clear, the highest priority was to avoid a shutdown this week. >> and they achieved that. >> and they achieved that. but after seeing

briefing, budget director mick mulvaney had just finished discussing the bipartisan budget agreement, are you listening? when journalists expected sean spicer to take questions, but mr. spicer had other plans. >> sean, sean! >> sean! >> sean! >> kcome on, sean! stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time... stay with me, mr. parker. ...saving time when it matters most. stay with me, mrs. parker. that's the power of and. termites, we're on the move.24/7. roger. hey rick, all good? oh yeah, we're good. we're good. termites never stop trying to get in, we never stop working to keep them out. terminix. defenders of home. that goes beyond assuming beingredients are safe...ood to knowing they are. going beyond expectations... because our pets deserve it. beyond. natural pet food. over hereno!ver here! (dog barking) whoever threw it has to go get it. not me! somebody will get it... ♪ (dog barking) anyone can dream. making it a reality is the hard part. from the b-2 to the upcoming b-21, no

mr. secretary, nice to see you again. i don't expect you to respond since you don't have the budget here. first of all, director mulvaney, i was just up at budget, said the administration's policy is to make tax reform revenue neutral, and that is the president's -- the administering's proposal. >> i said it would be paid for with economic growth and base broadening. >> well, i'm going to come back to that in a moment. that could mean also cooking the books. in your budget on page 13, one of the proposal you bake into your sewageses is -- your assumptions is repeal of the feet stacks which would help you and me not nobody else. you also have a like item that has estate and gift tax revenues still coming in. that appears to be double accounting. as you know when we talk -- when i was in your confirmation hearings, i applaud your effort to make the tax code more rational and lower corporate rates through repatriation. spent a couple years in the process and took some arrows from my own team in terms of entitlements and also looking at net revenues. i have to tell you sir, it's estimated that your tax cuts and outline woul

today, budget director mulvaney was talking, it's hard not to notice yields rose a bit, dollar index fim index firmed up a built. it's unusual to pay attention to. it was confident to mrmuvaney's presentation, not necessarily the content, but nonetheless, i agree with you. now that the nasdaq's up 14%, the s&p up 7%, we're starting to get in territory where i think if it's possible in in late stage, you start to see more momentum. with respect to treasuries, yields up several basis points, knocking on the door for 230, the bottom of the range we had for most of 2017, but i think the short end is notable here with the two-year back over 130. a great auction. last cycle, threes, tens, 30s, dd and d, and today it was an a-minus on the two-year, maybe because the selloff i mentioned was viewed as concession, so the last stainability of the market to keep yields close to 230 for tens, and more importantly, how the five-year note option goes may give us clues. >> mentioned 2400 on the s&p. how deep a line is that in the sand right now for you? >> well, you know, paul made a good point. the trump trade is not priced in here at all, other than the defense and aerospaecaerospa