Cspan, created by americas Cable Companies 35 years ago and brought to you as a Public Service by your local cable or satellite provider. Today independent vermont senator Bernie Sanders Ranking Member of the budget committee, outlines his ideas on the economy and the middle class and his legislative priorities. Live coverage at 10 30 a. M. Eastern here on cspan2. Treasury secretary jack lew testified thursday before the Senate Finance committee on the president s 2016 budget request. He discusses many of the proposals in the 4 trillion plan along with other related topics. This is just over two hours. [inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. [inaudible conversations] the committee will come to order to. Todays hearing is on president obamas budget for fiscal year 2016. I i want to thank secretary lou for appearing before secretary lew for appearing before us today. And im not going to sugar coat anything. Instead,
Month lows, three and a half month lows, today up 4. 25 . At these levels the are they bee more cautionary on wall street . That being said when you look at the s p 500, there is resistance at the 1802 level. While 1800 sounds like a great level, the traders and analysts looking at 1802 as the resistance area. Lori thank you so much, nicole. Dennis a stock alert. We are watching of microsoft on a downgrade from comerica merrill lynch. Cut in the stock to underperform on neutral citing challenges to the you have to be named ceo. Tech giant may be getting closer to replacing steve ballmer. Meeting today to narrow down that list of candidates ahead of tomorrows shareholder meeting. Lori and sonys new playstations off a strong start, over 1 million councils sold within 24 hours lunch. The speed is the first updated videogame system in seven years. Dennis hoping to sell 5 million by march. Reports of some glitches here and there, but they say this is within expectations of a new Product Lau
Attorneys who were holdovers from the Obama Administration. Rob schmidt is live in new york city newsroom with the latest. What can you tell us . Its a big name here in new york. The us attorney as well as 45 other obama appointed us attorneys out of jobs today. The white house asked for resignations and he declined and had to be fired. In each week from this afternoon, hesaid i did not resign. I wasfired. Being a us attorney will forever be the greatest honor of my professional life. He was appointed the us attorney to the Southern District including manhattan by president obama back in 2009. He appeared to be a big standing with President Trump after being told to stick around late november after being with thenewly elected president at the tower. After the meeting he did not reporters. Had a good meeting. I said i would consider staying on. I agreed to stay on and ive already spoken to senator sessions. He nominated me to be the attorney general and he also asked me to stay on. Look
How it could effect the president s credibility going forward. The president has one of two koiss. Either retract or to provide the information that the American People deserve. Pressure mounting for President Trump to provide proof of his unsubstantiated claim that former president Obama Wiretapped phones at trump tower during last years election. I have no reason to believe that the charge is true but i also believe that the president of the United States could clear this up in a minute. And now one of the ps top advisers illuding to alleged monitoring that she says may have involved more than wiretapping. Theres an krtel this week that talked about how you can surveil someone through their phones, certainly through their Television Sets and microwaves that turn into cameras, et cetera. What the president has asked is for the investigation into surveillance to be included. All of this as the House Intelligence Committee is calling on the Justice Department to present evidence today t
Affairs all getting increases. The epa and state Department Taking the biggest hits. With doubledigit spending cuts. Despite a proposed 54 billion increase in defense spending, osman to House Minority leader says education and innovation, clean energy and lifesaving medical research. Paul the pound this week wall street journal columnist and deputy editors dan henninger, kim stossel, mary kissel and assistant Editorial Page Editor james freeman. Kim, what does this budget tell you about President Trumps Budget Priorities . Debts with budgets are. Their blueprints. There are visions. It will go through a lot of modifications before they actually end up in an appropriations bill on the president s death. What he is essentially saying is that the money is going to go for core american projects like defense. For instance National Security and a lot of other items which have become bloated over the years for that to be better handled by the state will get big cuts. He is limited a little bi