mulvaney: i'm sorry. i thought the assumption was wast we were looking at the tax reductions contained in -- mr. sanders: no, that's not what we're talking about. we're talking about the repeal of the estate tax which you just mentioned. mr. mulvaney: the budget assumes a deficit-neutral tax plan. because when we wrote the budget, we did not have nearly enough specifics to assume what you're assuming which is the specific reductions. yes, the reductions. yes, the proposals that the white house published about three or four weeks ago, the principles we set forward, does include a reduction of the estate tax. mr. sanders: repeal. mr. mulvaney: you're right. a repeal. but it's mathematically impossible to take those general principles and assume a direct impact on a particular family. you can't do. it nobody can do it. i've seen estimates from groups that is say -- mr. sanders: that's not -- true. we don't know when people are going to be dying. that's for sure. but you can -- mr. mulvaney: we don't know peo

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 doe

mulvaney. good morning, once again, to everyone. mulvaney fornk mr. being here today to discuss the president's budget and spending priorities. we look forward to hearing his remarks. priorities. to achieven budgets a balance. over time, the congressional budget office able to continually downgrade their objections -- their projections for economic growth. a large debt burden on a future generation of americans, a burden that to face a moral failure our challenges. this administration and this committee agree wholeheartedly on our responsibility to improve our country's fiscal situation and put us on the path to a balanced budget. we will defend the status quo of the obama years with the national debt over $9 trillion, the largest increase of any presidency. their solutions, which are to simply doing what we are doing, are not only unsustainable, they are an abdication of our responsibility to current and future generations. situation is not just problematic. it is dire. it will rise to 150% of

mulvaney: i really believe that. "ther president tweeted country needs a good shutdown in september>" wouldn't it clearly be the president's fault? he is the one calling for it. dir. mulvaney: between now and then you have infrastructure, the debt ceiling, tax reform to deal with. what you heard the president expressed this morning was frustration over being treated in the negotiation. maybe it gets to that point. i think a lot of things will happen between now and then. to your first point about the democrats, i think it was reported that there was a great deal of disagreement within the house democrats over this deal. convinced when we wanted money for the wall, that we would shut the government down. when we took those requests off the table, they were flabbergasted. itme of them wanted to shut down. their base may not be happy to know that we are building this, we are taking their taxpayer money to build this. my guess is that won't feel very well with folks on the left, but they will have to deal with it. doing

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

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

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

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

what else, jon, did mick mulvaney have to say. >> not only mick mulvaney, but the president as well. to put it in real estate terms what you have here is a building that is three stories high but has a 10 or 12-story basement. president the president said this is and under-the-radar type budget agreement when he met with the air force falcons championship football team. white house and republicans in congress are doing everything they can to try to convince the republican party and conservatives in their own party that we cut a good deal despite the fact that conservatives and republicans thought they rolled over and gave the democrats everything they asked for. first of all, new money for the military. $21 billion. new money for border security. $1.5 billion. $347 million of that will go to actually removing all type of fencing along the border along the wall and putting up a steal wall and new money for school choice. conservatives were money they didn't get bricks and mortar for a wall and cuts for sanctuary cities or cuts to planned parenthood. the budget director saying you see

mick mulvaney is right. they have to put these band-aids on spending bills. the problem is that we've seen shutdowns that tend to hurt, you know, even when sequestration. trump is firing a shot across the bow. i don't think he necessarily wants it. but his dealings with congress have been really suspect so far. he seems to not be weighing too much on that. >> if he was at 60% approval instead of 44, i'm sure more members of congress would come around to his point of view. he doesn't have the political capital right now to be able to will his way with congress. he's got to work that and i agree with david. he's not swayed congress to where he wants them on given issues and i think that really raises questions as to where we are in the trump/ryan relationship. that story is still going to be written. >> that's right. you've had from the white house saying there's going to be a vote. gary cohn came out and said he expected this to be a good vote for the white house and maybe there's a vote that is held. they have to get to 216. they can't afford to lose 23 peopl

we're going to get to that after this wall where you're going to hear nick muscle mulvaney saying we have the money. >> nick mulvaney had been in washington for a while, why do they seem surprised that the obstruction tis here. >> i think we're surprised at the aggressiveness that they're playing. the whole thing has trump has won has been resist, resist. everything he's doing the ultimate goal is fail. as we're talking about the shutdown and part of it was trump not being a career politician and kind of being frustrated and venting from the mouth. there should be no reason for a shutdown particularly when republicans have control of the congress and as long as they get some kind of partnership with democrats they should be able to avoid. back to the part of victories i see a lot of both sides, you saw for d the school choice bill, you saw three years of funding provided for that. there was funding provided to secure the border, the southern border and as trump and maloney said this is just one of many more to come. even if the president's words were taken out of little bit were a li

mick mulvaney did not know as he was walking out. you ma i have heard me, i peppered him with a couple more questions and asked if they would get back to us on details of that wall. this is not clear if it is new construction of the wall. it appears this is just the reconstruction of existing wall that exists in this country right now. suffice to say as we heard from the homeland security secretary earlier in the day, he said what's happening right now with congress in terms of this compromise is delaying construction of the wall which is a contradiction we heard from the white house yesterday saying this compromise would have no impact on construction of the wall. you. >> peter, i'm just confuses, i'm sorry. what is the messaging of the white house is this that they're getting a wall or stonewalling? >> messaging has been a challenge pore this white house at times. i think it is very clear that they have tried to be on one page of the course of this day, mick mulvaney holding a series of briefingins the last 24 hour. they are gettin

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

mick mulvaney calls it a taxpayer first budget. former chairman of president obama's council of economic advisers will comments. hour, exclusive interview with wells fargo ceo tim sloan. eye on events an in manchester as they unfold. markets seem to be shrugging it off. julie: this seems to have become more of the norm than not as we have seen these various terrorist attacks in the u.s. and abroad. we have not seen that much market reaction. that is the case today as we see a continuing rally in u.s. stocks, the fourth straight day we have seen a rally in u.s. shares . 20 s&p 500 coming within points of 2400. we see the unveiling of the full budget that we just got the details from mick mulvaney a few moments ago. here is the dollar index since the election. we had this rally after the election, and then that they come down in the u.s. dollar index. it is still up 0.2% since the election. it is down in eight of the past 10 sessions. investors tried to reassess this reflation trade and continue to do so with these details from the b

mick mulvaney says the plan is a win for taxpayers. >> this is the president's 2018 budget. the name on the cover is, the new foundation for american greatness. through it over the weekend as i did, we've been working on this since before i actually got here -- the title should have been different, should have been, a taxpayer first budget. that's what this is. what are the broad things here? yes it's taxpayer first, what is the white house trying to do with this document? a they're saying this is budget that focuses on the taxpayer, less so on beneficiaries of various programs that would be cut. they're sitting there looking at these programs and trying to figure out whether or not they are good, whether or not they are efficient. several programs -- from medicaid to disability insurance come are being cut. inots something that being received well on capitol hill. it's an argument that the white house is making, but the president isroposing this budget and congress will have the final say when it writes a spending plan over the next few months. it's not being received well

this budget exists somewhere over the rainbow where the dreams of mick mulvaney, paul ryan and the coke brothers really do come true. of course, these dreams are a nightmare for the average working american. the trump budget cuts transportation funding, education funding, programs that help students repay their student debt. one of the greatest burdens on middle-class kids and something that's slowing the country's housing recovery, the trump budget which seeks more than a trillion dollars in cuts to medicaid and health care would decimate healthcare options for rule americans, children, seniors and pull the rug on many of our rural hospitals throughout the hous country. earlier, our colleague senator cornyn of texas stated this budget is a proposal of the presidents priorities. if that's true, it's clear the president has prioritized breaking his promises to the working people of america. for example, on the campaign trail he promised over and over he wouldn't cut social security, medicare and medicaid. with this budget he cuts two out of three. he cut social security disability benefi

. >> reporter: director mulvaney. two topics, when it comes to the wall and this budget of the wall, it's very expensive. that's one piece of the immigration issue, what about the larger piece of the immigration issue? where is the funding when it comes to fixing the issue you have people overstaying their visas? that's more immigration issue in the past and even now that's happening versus just dealing with the southern border. have you immigrants from all countries coming here versus just the southern border. what moneys are going into that? >> it's a fair question, answer this two ways, this is a pure funding bill. yes, there are certain policies wrapped up into it, but i think both parties will push back if you try to tie something as large as immigration reform to a funding bill. they don't like to do that. they will tell you they are not supposed to authorize on appropriations bill. this is a one year funding bill, not supposed to be a carrier for a long-term policy change. they obviously from time to time they

i should say you had a shot up there of mick mulvaney.apitol hill from mulvaney and mnuchin was the treasury is getting a little bit word about revenue flow. there's -- the government has already hit its bt ceiling, it cod run out of room to fund operations by august or september. mnuchin and mulvaney were pushing republicans yesterday to raise debt ceiling before they go to the summer. republican party has a lot of work cut out for itself in the next few months. that's the bottom line. dagen: jon, it's dagen. mnuchin was saying that he wants a clean debt ceiling but the freedom caucus has pushed back against that and raises the issue of what trouble does that just alone create for the summer? >> it could be a problem for the markets. a clean debt ceiling what the trump administration and obama administration wanted, they always we wanted to attach conditions to raise debt ceiling. the question is whether they stick to -- to this -- now that they have a republican president to deal with. there's a lot of internal tension in the party that

plus, the photos behind mick mulvaney. props are back in the white house briefing room, but are they really what they said they were? i'll explain after this two-minute break. the show's about to start! how do i look? like a bald penguin. [ laughing ] show me the billboard music awards. show me top artist. show me the top hot 100 artist. they give awards for being hot and 100 years old? we'll take 2! [ laughing ] xfinity x1 gives you exclusive access to the best of the billboard music awards just by using your voice. the billboard music awards. sunday, may 21st eight seven central only on abc. >>> i think 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. and i get that frustration because i think it's a terrible posture for the democrats to take. >> trump administration's budget director mick mulvaney defended the negotiating prowess of his boss today after they hammered out a bill to fund the government throu

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

i will speak with budget director mick mulvaney.to get into the details on that bill we are back in a minute. and markets continue to rise and fall... predictable is one thing you need in retirement to help protect what you've earned and ensure it lasts. introducing brighthouse financial. a new company established by metlife to specialize in annuities & life insurance. talk to your advisor about a brighter financial future. at angie's list, we believe there are certain things you can count on, like what goes down doesn't always come back up. ♪ [ toilet flushes ] ♪ so when you need a plumber, you can count on us to help you find the right person for the job. discover all the ways we can help at angie's list. because your home is where our heart is. maria: good wednesday morning thanks so much for being here welcome back. i'm maria bartiromo. it is wednesday, may 3 your top stories 8:00 a.m. on the east coast, health care reform hangs in the balance this morning, house republicans are struggling to secure enough votes to pass the curr

then you saw mick mulvaney step up. he said if the democrats aren't going to be any better, a shutdown may be inevitable. simon? >> well, it's a new administration. you know, governing is really hard. democrats have a seat at the table. what i'm surprised about with mick mulvaney's tone today was that in every deal like this, both sides get something. that's the way it works. it sounds like to me both sides got something. he was happy about the stuff they got. democrats are happy about the stuff they got. i don't know why he was whining so much in the press briefing today. donald trump had some significant victories that they should be proud of. >> sandra: he did go, matt, further and say democrats wanted a shutdown. they're desperate to make this administration look like it can't function. >> yeah, that's right. let's face it, democrats benefit from shutdowns, republicans hardly ever benefit politically from shutdowns. i think the president is right, sometimes you need a shock to the system. there's nobody in this coun

but mulvaney's point is why would we be pessimistic about this?hy wouldn't we have a point to push for? i talked to mark meadows. he's an ally of the president. he said we can get 3%, we can get 3.5% but we need -- healthcare has to move through. it's in the senate. it's very broad. we're still waiting for actual numbers. the tax reform is another animal. so they're assuming that both of those things make it through and successful and do basically like with the house bill, they're taking those numbers rather than a more moderate -- >> shepard: you know what happens when you assume. don't say it. it's family tv. thanks, eliza. >> thank you. >> shepard: the suspected manchester bomber had some type of terrorist training. why investigators saying this. and comes are calling a new isis video a credible threat. see this? to las vegas. now they say they're stepping up security along the strip. that's still to come. it's the bottom of the hour. the top of the news is straightaway. liberty mutual stood with us when a fire destroyed the living room. we wer

trump and mick mulvaney to stay out of the negotiations and come up with a plan to help the american people and create jobs here at home. leader pelosi. >> thank you very much leadership. i'm glad to be here with you in the distinguished ranking member of the senate budget committee and the ranking member of the house budget committee. i associate with the remarks i heard on the phone on the way over. here we are, president trump's budget is a stark showcase of his broken promises to america's hard hard-working families. jobs. in his own word, he promised he would be the greatest job producer that god ever created. instead, his budget steals hundreds of billions of dollars from critical job creating investments and infrastructure education and clean energy. healthcare, the president promised he would free the earth from the miseries of disease. instead, in addition to the devastation of trump care, he wants to chop more than $7 billion from the national institute of health. one fifth of the budget. they have the power to. cure and he wants to take one fifth of the budget. social secu

we hear for mick mulvaney talking about the budget.hen it comes to health care, who is speaking on the issue now? toluse olorunnipa: we did here for mick mulvaney and we have known the health and human services director tom price is one of the main points of contact on it. as the president is overseas, his twitter account yesterday, he pointed out obamacare has studiesd and one of the that is being promoted by republicans in washington today comes from health and human services department. last three years and the individual workers, premiums have gone up 105% and were hearing that from several republicans of a shift in the tone is saying obamacare a struggle and price of gone up and what are the reasons that need to do this repeal and replace effort. david: last question about how the dovetails with the budget we got from the white house. is this piece of legislation getting through congress? is the white house wrangling with how likely it is going to be? toluse olorunnipa: it does not like they are reckoning with us and will make dra

plus, the photos behind mick mulvaney. props are back in the white house briefing room, but are they really what they said they were? i'll explain after this two-minute break. ♪ ♪ i'm dr. kelsey mcneely and some day you might be calling me an energy farmer. ♪ energy lives here. >>> i think 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. and i get that frustration because i think it's a terrible posture for the democrats to take. >> trump administration's budget director mick mulvaney defended the negotiating prowess of his boss today after they hammered out a bill to fund the government through september. this after there is bipartisan agreement. the bill is a major reduke to the president's agenda. >> why? >> i think the democrats cleaned our clock. you know, there are things in this bill that i just don't understand. this was not winning from the republican point of view. >> trump got rolled. the republica

why are they so thin skinned. >> i don't know why donald trump -- >> even mick mulvaney. >> mick mulvaney like shawn spafr. >> he doesn't have a mind of his own anymore so he couldn't say it's a bad idea. this is what trump does to people. look what he did to spicer. look at that. >> mind ray gun. >> i think he bullies people into submission. look at spicer. >> joe, i don't understand why they didn't trumpet the fact they got more defense spending. that should have been the only line they used yesterday. look, we're going to keep the country safer. that was a big part of his campaign narrative. instead obviously we've all been talking about what they have done and how unproductive. >> by the way, how many of you saw some of that air force -- >> it was painful. >> donald trump held those kids hostage basically to sit and watch a random political speech talking about how great he was. what he's going to do, willie, i bet you, there's going to be more and more reluctance for schools to let their teens come to the white house if they are going to be used as props. that was an embarrassment ye

what's strange about it is when asked about it, the director mulvaney said weeding cut social security. >> no you cut social security disability insurance. that's cutting social security. they cut $6 billion on medicaid so we are talking about $1.4 trillion in cuts to medicaid. the president promised in terms of clean air and clean water to make sure we have clean air and clean water. instead he has ransacked the epa and slashed fundings for cleaning up hazardous substances or for enforcing clean air and clean water laws. the presidents budget is shortsighted based on false assumptions and the plan that perfectly reflects what republicans in congress have been trying to inflict on america for years. it's important to note this because some members say it's dead on arrival. in the house this budget is a step down the same road to ruin advanced by years of house republican budget under speaker ryan and chairman price. budgets which ransacked our investments in jobs, education and for hard-working families. budgets that were thought to have massive new tax breaks to the rich by stealing f

mull mick mulvaney will be holding a briefing in a moment. in the meantime, joining us is former cbo director and treasury for secretary phillip swiggle. good to have you both with us. >> good morning. >> dan, every time we get a budget, obviously, we make all the kaf ycaveats of challenges e it's reality but what strikes you about this initial proposal. >> you know, the budget was really only three numbers, if you will. revenue, discretionary spending and what we call entitlements or mandatory spending. in this budget the president proposes to cut discretionary spending, particularly domestic, and some entitlements, particularly medicaid. but he leaves off the table, as he did during the campaign, social security and medicaid -- or medicare, i'm sorry. of course, interest on the debt you can't cut. so, there are substantial portions of the budget that are literally off the table, which means pretty big cuts to the rest of the budget and no revenue increases. >> certainly that's keeping mostly within the promises he made during the campaign t

he walked out with mick mulvaney and the rest.he briefing was over for the day. >> perhaps you could deploy a big lasso. >> i will not try that. i will not try that. >> we heard your voice loud and clear, april. thank you very much. david, errol, thank you. >>> sports headline. the fenway fifaithful stepping in support of an opposing player. the orioles adam jones. what they did and why in this morning's bleacher report next. a motions. but the rare few can inspire them. ♪ the first-ever lexus lc. experience amazing could be preventedrrent with the right steps. and take it from me, every step counts. a bayer aspirin regimen is one of those steps in helping prevent another stroke. be sure to talk to your doctor before you begin an aspirin regimen. then you're a couple. think of all you'll share... like snoring. does your bed do that? the dual adjustability of a sleep number bed allows you each to choose the firmness and comfort you want. so every couple can get the best sleep ever. does your bed do that? for a limited time save $90

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

mick mulvaney now about to discuss the budget.et's listen in. >> the people who perpetrated this comeau dominic i took my son to his first concert when he was 11 or 12 i think all of us have children that age. it's something that hits especially close to home. we stand shoulder to shoulder with allies. we have the victims and families and our hearts. as we talk about these other things that somehow pale in comparison. let's talk about the budget. some of you were here yesterday. it will be a repeat, but a lot of folks were not here. let's talk about what this is. this is the president's fy 2018 budget. the name on the cover is the new foundation for american greatness. as i read through it on the weekend, in fact, we've been working on this since before i got here, it struck me that the title should have been different. ed should have been a taxpayer first budget because that's what this is. as i was trying to reconcile those two things, it struck me that that was really new. it was one of the things that was new about this budget

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 new foundation for american greatness.what is new about it? one of the things that is new is that we actually did look at the expenditures through the eyes of the people who pay for it. i think richard only probably just looked at the impact on the folks receiving taxpayer dollars and not nearly enough time focusing on the folks that pay taxpayer dollars. and that is new in this budget this year. what else is new? imbalances. within 10 years. something the previous administration was incapable and unwilling to do for their eigh

nick mulvaney has said we have enough money to help those that need it.'t have enough money to give it out to people that don't need it. the system is broken. i mean, you've got to at least give nick mulvaney that point. >> look, of course. cheryl: let her respond, and then i'll get back to you. >> the system is broken. there's a lot of fraud and abuse in our government. but the bottom line is you have mulvaney today in the committee hearing talking about the fact that he does not know by no means does he know that there will be 3% economic growth. and, again, that is what this budget is contingent on. cheryl: because he's not a fortune material. all we can go off of is the market predictions of the stock market, whether my child's going to win the baseball game. who knows. but i will say if you look at the economic models and tax reform, i think 3% growth is obtainable, especially over the several years, which is a period they're talking about. >> i mean, yeah, we're talking about over a decade. by most estimates, i think it's a responsible number. i wil

when asked about it, director mulvaney says we will not cut social security. no, we cut social security disability insurance. that is cutting social security. $110 billion from medicaid on top of the already staggering $840 billion medicaid cut in trumpcare. so we are talking about 1.4, almost $1.5 trillion, trillion dollars in cuts to medicaid. the president promised in terms of clean air and clean water to make sure we have clean air and clean water. instead he is ransacking the epa and slashing funding for cleaning up hazardous substances and enforcing clean air and clean water laws. the president's budget is short-sighted based on loss -- false assumptions and a plan that perfectly reflects what the republicans in congress have been trying to inflict on america for years. it's important to note this. some members are saying it's dead on arrival. well in the house this budget is , a step down the same road and mr. yarmuth can attest to this the same road to ruin advance by , years of house republicans budgets under speaker ryan and chairman price. budgets w

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

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

budget director mick mulvaney points out egregious waste.payer funded musical about climate change. the price tag $700,000 bucks. your money paid for this thing. we thought you'd like to know. more varney after this. >> i think the national science foundation last year used your taxpayer money to fund a climate change musical. do you think that's waste of your money? >> what about climate science? >> i'm take that as a yes. stuart: that was mick mulvaney, $700,000 of your money spent. ashley: as mick mulvaney says they national scientist has not only a climate change musical, but viking textiles in iceland and the social impacts on tourism on the northern tip of norway. stuart: happy to be spending on climate change-- >> it can't think of a thing more absurd, did you imagine al gore singing the -- in the climate change musical. stuart: i want that music, i paid for it and i have every intention of running this. . >> all kidding aside, remember tom coburn's waste book? i miss that. every year it was pilloried this. stuart: shrimp treadmill. w

mulvaney has taken some heat. >> will the president's budget mean medicaid gets $1.3 trillion less then it would otherwise? >> the cbo baseline score, the answer is yes. it will spend more money a personal year over the previous year with the exception i've mentioned. sticker democrats are bowing to protect some of their priorities like medicaid and food stamps. >> are going to fight the budge budget. i don't think were going to have to fight it too hard because i don't get going to go anywhere. >> mulvaney pushed back. >> what about the standard of living for my grandchildren? will end up inheriting the debt? who's going to pay the bill? >> secretary betsy devos was on the hot seat about funding reductions at the department of education. >> the president's fiscal year 2018 budget would reduce overall funding for the department programs by 9 billion, or 13%. i have seen the headlines and i understand those figures may sound alarming for some. >> you can't do less with less. >> we are cutting back significantly in the resources to education and dealing with the notion that we do not have

director mulvaney laid out a couple of things. we shouldn't measure our success by how many people are on assistance programs but how many people we get off and talked about the fact if you give a slight increase or keep a budget steady people don't watch it as a cut. it isn't how it works. it sounds like such a radical idea to so many people out there. >> that's right. here in washington people want to keep government programs they have. they want to measure success by the growth in government when the opposite really should be true. what we want is not bigger government. what we want are stronger citizens and when we look at always increasing the size and scope of government, we diminish the power of individual americans. we weaken our institutions. >> shannon: i want to ask you about the cbo score on the house measure passed on repealing and replacing obamacare. there is some talk that if it's radically different an what the house projected they'll have to vote again on healthcare. you are working on your own system and proposa

take a look. >> director mulvaney is being dishonest. >> what was dishonest what he said?e is suggesting, because he is suggesting that we used same practice as their practice. they are the first to depart from what the whole big world thinks. david: what happens when the whole big world is wrong, as larry summers was when he predicted that the obama economy would grow at 4.5%? melissa: so close. so close. david: joining us weigh in, republican congressman, member of house committee on transportation and infrastructure brian babin. congressman, the obama economy actually grew at 2.1% which is pathetic looking at historic averages. larry summers said it would grow 4.4%. now he is calling this budget and which you say what? >> i say malarkey. take it for what it is worth, a grain of salt, what he says. i'm very pleased. i want to commend the president on this budget. it is a budget that lives within our means. it pluses up the military, our border security. and, and puts us on a sustainable path, a 10-year balanced budget, something we have never seen from president obama in

. >> at least, jeff, given some cover to the stunt with mulvaney. he came out with pictures and pointing at the wall and saying what's this? we're actually building the wall. what is that about? how is that productive? >> the white house was furious yesterday by the fact that democrats seemed to actually have won at least the messaging argument in washington over spending. the temporary spending bill that is going to avoid a shutdown this week does not have a lot of president's priorities in it. the white house was not necessarily thrilled by that. the president was getting an earful because of reports, accurate ones, that says his border wall is not funded. there is money for border security, but not actually build that new wall. >> not what mulvaney said. >> they are bolstering. this is why it is confusing. that is the old wall. >> he said what is this? it is going on right now. >> we heard april ryan they are hammering things on there. >> the pictures come from new mexico in january. they are old photographs. the white house later conceded that.

hello. >> stephen: mulvaney!ulvaney either has a bad connection or has begun speaking in tongues. ( laughter ) reporters are used to getting no clear answers from the white house, so they pushed on. >> is anyone still there? audio is breaking up. ( music ) >> lost control of the white house. >> stephen: this is unbelievable! anyone who works at an office can tell you it's one of the most successful conference calls of all time. hello? hello? ( applause ) things got more and more chaotic, culminating in the big finish, you know what that means, time for a saxophone solo. hit it! ( saxophone music ) >> hello? ( laughter ) >> stephen: it was all summed up in today's "new york times," "mulvaney bleep bloop budget smooth jazz." mm-hmm. it's fake news. fake news. this is literally fake news. we made it up. ( applause ) in legal news, the eagles -- you know the band the eagles? the eagles, including leader don headily, are suing a mexican ho the tell called hotel california in federal court saying the hotel has been usi

nick mulvaney is absolutely right, why trust their numbers?tha: they tend to look at taking away the program would do. >> excellent point. makes insurance cheaper and providing more options is likely to generate more people signing up but they don't look at the effect of marketplaces, they look at what the government does. the government always gets it right, therefore they overestimated. they did the same thing on the medicare part d, they overestimated the cost and underestimated how many people would sign up. >> martha: you never find out what's in it until you live through it for the most part. in terms of the language of mick mulvaney, he's talking about a taxpayer budgets. it's fine to spend all this money on this programs but it's your money. are you okay with us spending this money on the program if the program has been proven to not work or if they are too many people. maybe 30,000 is too many people to work at the state department. he's approaching this in a novel way. politically, can this work, is that an argument that can resonate

host: mick mulvaney testifying right now before the house budget committee. over to c-span 3, also showing it at c-span.org and you on the c-span radio app. time for a few calls before the phones on in, open the "washington journal." ric is in evansville, indiana, republican. good morning. caller: hi. thanks for your -- thanks for me, i've been a democrat until about six onths before the election, i woke up and seen what happened his last eight years with the open borders and the lawlessness what obama did, he obstruct justice to try to stop e-mail investigations. he's got into other elections. wrong, not one h investigation on this guy or hillary o show him collusion, russians giving her money and her foundation, and it is all they want to do is resist trump, all trying to get him out office. this is ridiculous, come together and build our country year in, the last eight its got destroyed, all he wants to do is give away everything countries. other trump has come in and rebuild elationships and other countries as we fight terrorism and other dictators around