director mulvaney with us. he has served as the acting director of the consumers financial protection bureau. prior to his appointments, director mulvaney served in south carolina. he did that since 2010, and of course, he is no stranger to d.c. he attended georgetown university. he went on to harvard business school. all of us, the state attorney general, are the leading consumer protection force of the nation, we invited director mulvaney to outline the priorities and directions for the cfpb during his leadership. let's welcome director mick mulvaney. [applause] mr. mulvaney: thank you all very much. understand this is a very intimate room, i feel like i am 700 feet away from you. those of you who don't know the general from louisiana, he is a dear, dear friend of mine. i am going to tell you one of the many jeff landry is stories i can tell and one of the few i can share in public. we used to go over to his condominium after work. and sometimes you sit around and watch the football game, drink beer, or whate

mulvaney: it's a tremendous increase in work force development. it actually starts taking a look at funding infrastructure. and it also does a lot of what we wanted, not everything we wanted but a lot of what we wanted on immigration. so all things considered, when we look at the bill, we have to weigh what we asked for and what we had to give away to get it. is it perfect? no. is it exactly what we asked for in the budget? no. were we ever going to get that? no. that's not how the process works. when appropriations bills have to have 60 votes in the senate which they do, you're going to always have to rely on democrat votes in a republican majority like we have. we need nine democrats to support this bill. there was no chance of everything that we wanted passing. this is probably a good opportunity to bring up the idea of a line item veto. if the president had that, this bill would look a lot different by the time it became law. but we do not have that opportunity. it would be a good time to welcome at the rules in the senate that drive us to the

budget director mulvaney spoke. he also answered questions from the states attorneys general in attendance. this is 25 minutes. >> we're honored today to have mulvaney with us. he's the current director of the management and act ing director of the consumers financial protection bureau. appointments, director mulvaney served in south carolina. stranger to d.c. georgetown university. he went on to harvard business school. since the state attorney general are leading consumer protection we invited nation director mulvaney to outline the and directions for the cfpb during his leadership. let's welcome director mick mulvaney. [applause] >> thank you for having me. an intimate room. you don't know attorney to tell you one of the many. we used to go over to his condominium after work. one day we get over there and he had run out of beer. he has was margarita. i'm not a margarita drinker. are the best ever. try them. i said jeff, i think there's something wrong. he said what? it's the best margarita ever. ofaid jeff, i dri

thanks.t: director mulvaney can certainly give you guys more details. his team put together a budget that it submits to congress in february. congress is supposed to appreciate the appropriations the fiscalthe end of year. what we have endured since then is six continuing resolutions. secretary mattis has told us it has debilitated in many cases what he has been trying to do. one of the greatest priorities was to rebuild the military. this bill will provide the largest year-over-year increase in defense spending since world war ii. it will be the largest increase for our men and women in uniform in salary for the last 10 years. additionally, it provides one of our signature priorities regarding $1.6 billion for a wall. it also provides a 10% increase ar ice's budget as well as 10% increase for dhs overall. a couple of additional things we put into this bill after the tragic school shootings come there are a couple of legislative matters we have asked congress to adopt. one provides an additional 2 billion dollars for school safety, focused on purchasing

it's director mulvaney can certainly give you guys more detail. his team puts together a budget that's -- submitted to congress in february. the congress is supposed to complete an appropriations process by september 30 at the end of the fiscal year. what we've endured since then is six continuing resolutions. the secretary has debilled in many cases what he needs to do. we have equipment that he is needing to repair, that he would rather purchase new equipment. we have one of the greatest priorities here was to rebuild the military and this bill will provide the largest year over year increase in defense spending since world war ii. it will be the largest increase for our men and women in uniform in salary in the last 10 years. additionally, it provides as we've talked about, one of our signature priorities regarding $1.6 billion for the wall. it also provides a 10% increase budget and d.h.s. overall. this bill, after the tragic school shootings, there are a couple of legislative matters that we had asked the congress to adopt. one was the measur

protection bureau led by mick mulvaney has scaled back its investigation into the blunder. equifax is not scot-free yet. the company said it's under investigation by every state attorney general in the country. >> hopefully they'll get something done if the federal government won't do it for you. that is it for "velshi & ruhle" this weekend. you can get us both together every weekday at 11:00 a.m. >> you can find me at 9:00 a.m. monday through friday. >> and you can see me at 3:00 p.m. monday through friday. that's it for us. have a great rest of your weekend. >> adios. a few years ago, me and my wife was actually saving for a house. but one day we're sitting there and we decided that, something needed to be done about what was going on in our inner-city. instead of buying a house, we decided to form this youth league. these kids mean everything to me and i just want to make sure i give something positive to do. ♪ ♪ wow, that's amazing. that's a blessing right there. to know that someone out there cares and is passionate about what we're trying to do in our communities. you

director mick mulvaney and director of legislative affairs mark short, i'll bring them up now, they'll provide some details and answer your questions orphan this topic. at the conclusion of their q&a, our press team is around to answer further questions you have on news of the day. hanks so much, guys.

how much control would mick mulvaney have as a future chief of staff. if you're a press secretary for the white house, you need to be able to go out and conduct these briefings and have it mean something, and that puts sarah sanders in a difficult position. as we all know, there is a vacuum of leadership in the director's position. >> what the president says to people, even his trusted senior aides, is minutes. last night he said this is more spending than obama ever got out of the republican congress, so why is this happening with the republican senate? listen to chuck schumer, the senate's top democrat. he thinks this is a great deal. >> we democrats are really happy with what we were able to accomplish on a number of priorities the democrats have fought for all along. at the end of the day, as the minority party, we feel good about being able to succeed in so many ways. we don't have the house, we don't have the senate, we don't have the presidency, but we produced a darn good bill for the priorities that we have believed in. >> a little bit of spin

director mulvaney can give you more detail. his team put together a budget that submits to congress in february. congress is supposed to complete an appropriations process by september 30 at the end of the fiscal year. what we have endured since then is six continuing resolutions. the secretary mattis has told us, it's debilitated what he needs to do. we have equipment that he is needing to repair, would rather purchase new equipment. we have one of the greatest priorities was to rebuild the military and this bill provides the largest year over year increase in defense spending since world war ii. it will be the largest increase for men and women in uniform in salary in the last 10 years. additionally, it provides as we've talked about, one of our signature priorities regarding $1.6 billion for the wall. it also provides a 10% increase for isis budget as well as 12 -- i.c.e. budget and increases overall. after the tragic school shootings, there are a couple of legislative matters that we asked the congress to adopt. one was the

that will be known forever as pulling a mulvaney. >> reporter: mulvaney's office continues to insist it won't impact the funding. at this point it's just a proposal, just a plan, as this public relations battle is full on full-court press. we'll have to see how this all unfolds. >> people have feelings about jon stewart, whether you're on the left or the right, you'll see it differently. tomorrow we have p.j. rycoff from one of the largest veteran organizations. he's going to tell you what the reality is of the promise to support the troops. >>> what could be a major breakthrough, north korea agreeing to halt nuclear and missile testing. they have a condition. what is it and how realistic is it? next. zach! talk to me. it's for the house. i got a job. it's okay. dad took care of us. we know that when you're spending time with the grandkids every minute counts. and you don't have time for a cracked windshield. that's why we show you exactly when we'll be there. saving you time, so you can keep saving the world. >> kids: ♪ safelite repair, safelite replace ♪ only tylenol® rapid release

you have pence, you have kelly and mulvaney and mnuchin and to go on and on. all this means is that our meetings start twice as late, last twice as long and we get half of the decisions made. but on a very serious note, there is a deep heritage. before notre dame was known as the fighting irish, that name belonged to the u.s. army 69th infantry regiment. lincoln was so moved by the bravery of this brigade that on a visit to the battlefield he picked up a corner of the irish flag and said god bless this irish flag. god bless the irish people, they have turned darkness to light and hardship into hope. they were our friends when we were friendless, and they were the defenders of our union when we were divided. the irish came here in search of a better life and made this a better country with their faith and passion, to people of gentle hearts and people of strong hearts. in these times as we strive to find peace and opportunity, the friendship of the irish remains our anchor in the choppiest of waters. i would like to offer a toast with the proper head on a guine

he joined lawmakers on capitol hill to call out budget director mick mulvaney. they want him to abandon a proposal they believe threatens health treatment for thousands who got sick working at ground zero. >> it is a special kind of incompetence that was fought for for 15 years for police officers and firefighters and veterans and survivors that has finally come to fruition and finally working well. a special kind of incompetence to want to turn that upside down. >> the world trade center health program provides treatment to more than 80,000 people as part of the reshuffling mulvaney wants to separate the program from the national institute of occupational safety and health. the white house has not responded to our request for comment. >>> after stealing the show at the oscars, frances mcdormand had her best actress oscar stolen. her representative said someone walked off with her statue at the governors ball. a spokesperson says frances and her oscar were happily reunited. don't put it down. >> like tom brady's jersey a year ago. >>> okay. former trump campaign

. >> next, today's white house briefing with budget director mick mulvaney and legislative affairs director mark short. they awe a -- they announced president trump will sign the $1.3 trillion government spending bill the house approved earlier this afternoon. the legislation is now under consideration in the u.s. senate. this is 20 minutes.

on monday, jon stewart joined lawmakers on capitol hill to call out budget director mick mulvaney. a proposal they believe threatens health treatment for thousands who got sick working at ground zero. >> it is a special kind of incompetence that takes a program that was fought for for 15 years by firefighters, police officers, first responders, veterans and survivors that has finally come to fruition and is finally working well. it is a special kind of incompetence to turn that upside down. >> he feels strongly about this issue. world trade center health program is what it is called. it provides treatment to more than 80,000 people as part of the bureaucratic reshuffling mulvaney wants to separate the program from the national institute of occupational safety and health. the white house has not spoe responded to our request for comment. >>> 49 minutes past the hour. would you do your banking at the first national bank of amazon? they may be looking at starting checking accounts. details on "cnn money" next. it was my very first car accident. i called usaa and the first thing they a

budget director mulvaney spoke. he also answered questions from the states attorneys general in attendance. this is 25 minutes. >> we're honored today to have mulvaney with us. he's the current director of the management and act ing director of the consumers financial protection bureau. appointments, director mulvaney served in south carolina. stranger to d

the bill gives regulators weigh too much flexibility, regulators like mulvaney and corals and others. it vest more power in fsoc him something the republicans didn't want to do until they got regulators like people like that that are much more likely to side with wall street that the white house is increasingly looks like a a retreat for wall street executives, and these arl the people that are going to be doing the regulations in this bill.ee but republicans and democrats alike who believe in the need for regulation are concerned about this bill, or oppose this bill. people like dan used to be a governor at the federal reserve in charge of regulation. paulio volcker, a federal resere chair selected by republican and democratic president. a a republican, sheila bair, president bush's nominee to the fdic, a goodho analysis of what actually happened when ten years ago this, wall street almost collapsedis our economy and this body, his body seemsnc to the experienced sort of the collective amnesia. ten years ago look what happened to the economy in today were given reliefis to the large,

another of trump's best people is nick mulvaney who is currently doing double duty as budget director the acting director of the consumer financial protection bureau which he once called a sick, sad joke. in january, mulvaney's cfpd dropped an investigation into a payday lend that contributed to his congressional campaigns. the a.p. reports two days later, the ceo of said company who resigned wrote mulvaney asking to be put in charge of the cfpbcy citing her in-depth experience of what an investigation is like. no word yet whether they plan to take her up on the offer. then there's the head of the department of the interior, ryan zinke key to demands a special flag be raised whenever he's in the interior department building. it was reported the department is the spending nearly 139,000 todd upgrade three sets of double doors in his office. spokesperson claims zinke was not aware of the contract. that news comes shortly after under ben carson, the department of hud place add order for a $31,000 dining room set. carson sought to cancel the order in the wake of media scrutiny. speaking o

the president has a terrific relationship with mick mulvaney and you mentioned larry kudlow. the president tweeted he will be my chief economic adviser and our country will have many years of great economic and financial success with low taxes, unparalleled innovation, fair trade and an ever-expanding workforce #makeamericagreatagain. they agree on a lot of things but not everything. on tariffs he's not on board but is looking forward to working with the president on economic policy. >> if you keep tax rates low and regulations and government spending minimal and keep the dollar sound and steady, you are going to have a terrific economy. if government has a modest approach and lets people do what they need to do and the freedom to go it we'll do great in this country. >> potentially more personnel changes ahead. sources tell fox news the v.a. secretary, david shulkin has fallen out of favor with the president. at the cabinet president last thursday he had the queasy look of an individual on the chopping lock -- block and if the president were to ask mick mulvaney to take it o

mulvaney and others inside the white house knew what the president was going to do. the president wanted to interject some theater here. is he not briefed on this? are his people not in this process at all that the president doesn't know what his negotiators are negotiating and agreeing to on his behalf? this is so much of the dysfunction that goes on right now out of this white house. it's absolutely pathetic when you stop and think about it. this is no way to put together the nation's budget in the first place. to hear republicans in the house screaming about this violates conservative principles, but where was all that noise when they were doing the tax bill which created 1.5, now over $2 trillion worth of debt. so this is the reality that we've come to expect in this town. the next big thing that comes along, the president will be, quote, engaged and then at the last minute say something out of whack and everybody will go scrambling. just bake it into the process and move on. >> andrea mitchell, you've covered a lot of these. i want to double check my assumption

mick mulvaney himself getting a lot of pressure, the omb director. of course, he is a former member of congress. he got a lot of questions yesterday during his briefing saying would you have signed this bill if you were still an elected member, as opposed to here at the white house? you're right, there was that emergency meeting here in the middle of a snow day, andrea, when the federal government was shut down. the house speaker huddling with the president speaking with leader mcconnell by phone trying to get him on board with this spending bill. and at the end of that meeting, it seemed like he was on board. there was no indication that he would issue this threat. so this is taking people off guard on both sides of pennsylvania avenue, andrea, and it is just not clear how it is going to get resolved. and again, the question looming over all of this, is the president trying to make a point or is he serious? we'll have to wait and see. >> kristen welker, stay in close touch. stay tuned. >> i will. >>> of course, this on top of the dramatic changes in

he's got to get mulvaney in the budget process. we are halfway into a new fiscal year. we are 6 months late in the budget. it has trillion dollar deficits. >> remember that number. we are now back in trillion dollar deficits. and we just added a trillion to the national debt in the last 6 months. >> the chinese hold a trillion dollars of u.s. government debt. but the chinese threatened to sell their holdings -- lou: they reduced their holdings by 10%. >> if they use that as a trade strategy. the fed can buy the treasuries the chinese want to sell. lou: the $4 trillion the fed put on the balance sheet, they have sitting here raising the rates for the repayment of that debt when they recycle it off the balance sheet. they are also -- we are under no obligation to sell our treasury to the the chinese. that's benefit for them, not for us. we can gin up enough money if per he cute. ed: the next generation is going to pay a heavy price on these deficits. the party that gives them a formula how we will be fiscally responsible will become the majority party. lou: why don't we s

budget director mick mulvaney is a replacement. mulvaney would be good running any part of the cabinet. joining us is former reagan advisor and political strategist, ed rollins. 500 votes and we have the speaker of the house saying it's a wake-up call despite all the irregular laishts and the call toims pound ballots. ed: his team ran a crappy campaign. you can't run campaigns in pennsylvania from washington, d.c. this is a door hanger. the reality is you need to spend money on supporting your candidate. lou: who picked saccone as the candidate. ed: congressional conventions, he won by 120 votes. there wasn't a real primary or caucus. unfortunately he was not a very good candidate. he was lackluster against a young dynamic candidate who ran as a conservative. it's hard to say to a marine that he's anti-gun. lou: i would hope so. but there are a few of those animals. it looks like the president put his prestige on the line campaigning for saccone. we don't know what the outcome is going to be. why there would not be a recount. why t

white house chief of staff john kelly would be replaced by budget your mick mulvaney. also, if david shelton would be replaced by energy secretary rick perry. of course a lot more on this. why to d.c. in just a couple minutes. cheryl: more tax relief possibly on the way while celebrating the impact of a tax fly the boeing factory in st. louis, the president's record with house ways and means committee chairman kevin brady on a second package. >> we are now going for a phase two, which will help in addition to middle class, will help companies and it's going to be something very special. cheryl: boeing has been a major beneficiary of the tax laws so as to increase military spending. the plan is to make $300 million in new investment. take a look at shares about when they dropped yesterday. investors worried about this worried about the steel and aluminum tariff obviously in the potential trade work, especially when it comes to your appeared lauren: bowling was the darling of the dow last year. cheryl: president trump to meet the average prime minister. the first the pre

director mulvaney with us. he has served as the acting

. >> he won a election to replace mick mulvaney. he left to become budget director. >> not political at all. clowns are terrifying. can't we all agree? >> you're scared of clowns. >> many millions of americans are scared of clowns. >> they're sweet and happy. >> juggling should be a prerequisite for entering congress. but the clown make-up? >>> a city council hearing taken over by protesters in sacramento. >> as you point this to our council, does this look like a gun? >> anger over the police shooting of an unarmed black man starting to spill over. but i'm not standing still... and with godaddy, i've made my ideas real. ♪ i made my own way, now it's time to make yours. ♪ everything is working, just like it should ♪ (i've done every night isince i was a kid,hing empty my pocket change into this old jar. it's never much, just what's left after i break a dollar. and i never thought i could get quality life insurance with my spare change. neither did i. until i saw a commercial for the colonial penn program. imagine people our age gett

>> yes, absolutely. >> so mulvaney's claim was wrong the fence was actually repaired to a wall builtorge w. mush administration. you can imagine to our skepticism when the president tweeted these pictures him we sent gary tugman toic chet out. he did. here's what he found. >> reporter: when the mayor read the president's tweet claiming a fence in her community was the start of a southern border wall. she wasn't happy about it. >> we all as a community want to make sure the people out there in this country know california is not the beginning of a wall project for the trump administration. it is completely different. >> reporter: the director of international affairs for the neighboring city of membersicale was an diplomat zplik we few it was a lie. >> reporter: the picture were taken here, we are standing in imperial county, california, in the city of calexico, on the other side of this fence, membersicale, mexico. the fence here is new. but it's a long awaited replacement fence. you can't get very close to the construction on the security conscious american side. but on the mexican

once a fiscal hawk when in congress, budget director mick mulvaney tried to sell this rosin piece of fish. >> we've talked for the last, i don't know, three, four, five, six months about trying to get the president's priorities funded. and this omnibus bill does that. when you look at the bill, we have to weigh what we asked for and what we had to give away to get it. is it perfect no. is it exactly what we asked for, no. were we ever going on get that, no. that's not how the process works. >> laura: thanks for the tutorial. when you american people have given you both houses of congress, and the white house, wla you what you said you needed, it should be the way the process works director mulvaney. the gop just cannot get its act together. the most important thing that president promised is number one priority, was getting that border wall built. did that get lost on the people in congress? did they not catch the hundreds of times he mentioned it and during the rallies? he asked congress for 1.6 billion to build 74 miles of concrete wall. this omnibus orrie of spending dedicates a p

we are hearing, we'll monitor the budget director, mick mulvaney. he will go over details of that $1.3 trillion spending plan. he gets us through the end of fiscal year. a six-month deal to keep government lights on. not everyone is in love with that he will detail why the administration is supporting it even doing so holding their nose. we'll get more details what the president outlines some say 50, high as $60 billion in tariffs against china. we have never taken such a sweeping move against a single country. we have been running a 375 billion-dollar trade deficit defense the chinese. this would represent a fraction. nevertheless opening salvo even the french leader macron would be a mistake. what is french for mistake? le mistake. we have a lot more coming up. you are watching fox business. ♪ whoooo. when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...

mulvaney did $10 million to $30 million. right now 1.5 million veterans live in household receive snap benefits. an increase in homelessness among veterans. are you going to pay for part of this parade rather than put money into veterans' health care, mental health, and housing? secretary shulkin: as you know, veterans day is a very important day to us. we put our resources and efforts into the recognition at our cemetery that day. we have no chance to change that. we haven't had any discussions at the white house about getting in the parade. mr. dent: i'd like to recognize the retiring gentleman from florida, our good friend, mr. rooney. mr. rooney: thank you to the retiring chairman. dr. shulkin, welcome. thank you. aware ornow if you are not, but over the last several years congressman tim ryan and myself both served as co-chairs of the military mental health caucus. it's had a few variations of different aware or not, names. essentially we have tried to hold hearings and have meet to discuss things that would help return

>> so i think mick mulvaney would probably take that job.ut i don't know if mulvaney would want to be chief of staff. we've seen people who are well respected, like reince priebus, and john kelly. once you take that job for a few months, it seems like your reputation goes to taters. it doesn't matter if you are the most qualified person in the world. >> thanks for that, daniel lippman. >>> the president floats a short-term deal for dreamers, but the white house may already be backing away. >>> plus, thousands of students if from across the country walk out of school over gun violences as lawmakers back new gun safety legislation. those stories and a check on your weather. [burke] at farmers, we've seen almost everything so we know how to cover almost anything. even a "red-hot mascot." [mascot] hey-oooo! whoop, whoop! [crowd 1] hey, you're on fire! [mascot] you bet i am! [crowd 2] dude, you're on fire! [mascot] oh, yeah! [crowd 3] no, you're on fire! look behind you. [mascot] i'm cool. i'm cool. [burke] that's one way to fire up the crowd. bu

cameay after that mulvaney in here and said you all were 15ng to stand close to billion dollars to upgrade the nuclear arsenal. the president came out that he had a first strike weapon. whether or not we believe he has a first strike weapon, isn't it inherently dangerous for the two largest owners of the nuclear arsenal engage in brinkmanship, and why are we abandoning our role as a peacemaker in disarmament? >> i don't think that is the point anyone is making. the president wants to make sure we have the most robust and modern military. he has been in constant conversation with the secretary defense and working on the recommendations of the secretary. i think everybody can rest assured knowing that secretary mattis is making good decisions when it comes to how best to rebuild and modernize the military. >> you don't come back from that. isn't it dangerous to talk about brinkmanship? sec. sanders: i think it's dangerous to push a narrative that is not at all with this -- at all what this administration is pushing. i'm talking. we are talking about the safety and security of this country. w

last year you might remember budget director mick mulvaney showed photographs of construction at two locations, as he said, to prove that stuff was going up because president obama wasn't fulfilling his promise to build a wall. we sent gary tuckman to check this out, here is a part of that report. >> reporter: construction workers tell us this is the exact portion of fence where the pick was taken. the opening in the fence is close with a gate. interestingly the picture was taken from the other side of the fence on the mexican side the mountains that you see in the background are the mountains here in new mexico. the budget director declared, quote this stuff is going up now because the president wants to make this country safe. but keeping them honest, this stuff has nothing to do with president trump. daphne griffin works at a restaurant right near the boarder. >> this particular wall came from the bush administration. >> reporter: is that common knowledge in this area? >> yes, absolutely. >> so mulvaney's claim was wrong the fence he claimed was part of a promise to build a new bo

mcmaster, secretary tillerson about the spending bill, and mick mulvaney said before the mics yesterday that the president would sign it before this veto threat this morning. the president is the person who should be answering questions. >> he's also taking over his legal strategy. not only is he operating his white house as he operated the trump organization -- someone told me this morning who has known him for a long time, just remember, the trump organization, there were only vice presidents. there were like no executive vice presidents, there were only vice presidents. he says that's what the white house is. there are only vice presidents. there's one guy in charge. as steve bannon said yesterday, if john kelly goes, he'll be his own chief of staff. so the president now is calling his own press conference, calling his legal -- you know, calling the shots for his legal team, calling the shots for his congressional leaders. it's, you know, a man in full. >> i want to set the scene for our viewers. you're looking at the diplomatic reception room. you'll see the president will make a sp

you look at mick mulvaney, who you talked about earlier, general mattis. there are a lot of really, really good people with this administration. and the president will put together and see who really kind of fits the bill. >> thanks, everyone. >>> coming up, late word tonight about another witness who is said to be cooperating with special counsel robert mueller in the russia investigation. what he may know and what we know about him, next. ♪ i just need some rest. i'm just worried about the house. and taking care of the boys. [ door slams ] he's still asleep. zach? zach?! [ dog barking ] ♪ [ sighs in relief ] zach! talk to me. it's for the house. i got a job. it's okay. dad took care of us. principal. we can help you plan for that. 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'

now we asked -- we just got a briefing from mark short and mick mulvaney, the omb director.i asked them about that, peter. they wouldn't weigh in. they said they're not going to get ahead of the president. again, the significant announcement we are expecting just moments from now. this is really a president following through with one of his campaign promises. this was a priority for some of his core supporters. it is also, peter, a move toward a more protectionist stance on the united states closing its borders as opposed to opening them up. that is reflected in this new budget that mick mulvaney was referring to as well which includes some funding for a border wall. >> we have the two two-minute f the warning. i work at the white house every day. that can be fluid, as we say. give us a sense about the protectionist approach now by the president. this does say a lot about the hiring of larry kudlow, gary cohn's departure, peter navarro, a name some of our audience might recognize. what's it say about the people the president is surrounding himself in terms of his thinking? >

mulvaney over there, who is supposed to be over at the office of management and budget, to basically destroy it. and so we cannot allow the members of congress to be tricked or fooled that somehow this is helpful that they're bringing in the consumer financial protection bureau. what they want to do is tie the hands of the consumer financial protection bureau and basically change their mission from protection for consumers to deregulation for the biggest banks in america. why do we have the consumer financial protection bureau? that is the center priest of the dodd-frank reform legislation that we worked so hard on. are we forgetting about what happened in 2008? are we forgetting about the recession that was caused by the big banks who had been involved with all of these exotic products and ways by which they homeowners, would-be homeowners to try and get mortgages? we can't forget about all of that we have to know that not only did we have a recession, we were headed for a depression. and dodd-frank reform has gone a long way toward eliminating some of the bad practices that were in