Members, criminals, drug and human traffickers that threaten our citizens and that threaten our security. [applause] any member of congress who opposes our plans on Border Security and i know these folks didnt is only empowering these deadly and dangerous threats. And we will not put up with it, and the public wont put up with it. This bill also includes Important Health care resources for our great coal miners who have not been treated well. But now theyre being treated very well. And continues to make funding available to inner city children here right in the Nations Capital can go to the school of their choice. [applause] choice is so important. After years of partisan bickering and grid lock, this bill is a clear win for the American People. We brought lawmakers together from both sides of the aisle to deliver a budget that funds the rebuilding of the United States military, makes historic investments in Border Security and provides health care for our miners and School Choice f our disadvantaged children. Very importantly, there is no longterm bailout for the Insurance Companies that the you will learn about donors. I used to be a donor. Used to get everything i wanted. This is what winning looks like. Something that you folks really know a lot about. What a record. The falcons had 10 wins and only three losses, a tremendous achievement. They played tough, tough teams. [applause] and they played some teams that were slightly larger, right, coach . Oh, yeah. Coach is saying boy theyre big but you beat them. Right . We did. You beat them. He knows you how to win. Spoke to bob kraft of new England Patriots. He gave awe pep talk and he is a big fan too. We know one thing, as good as this coach is, he says he is not replacing belichick, is that right . Someplace else. You better stay right where you are, coach, right . [applause] dont let him sign him. Better never leave us. He better never leave. And the falcons not only that, but finished very strong. You ended the season with six straight victories, including a win in the arizona bowl, which is a big deal. Who did you beat . South alabama. South alabama. Good team too. But we all know the games that youre most proud of. I shouldnt say this, because i love these teams too. Should i say it . [shouting] i thought they were great americans, coach. They are. The games were, they beat navy. Good team. [applause] do i have to give the score . Yes. Beat navy 2814. And you beat west point 3112. [applause] does anybody feel guilty that you made me do that . No . Its a great privilege tore me, for the first time to present you the commanderinchiefs trophy. My first time. Established in 1972, the commanderinchiefs trophy has been claimed by the air force academy, this is pretty hard to understand, you did go under the radar, coach. Really an amazing thing. A record, listen to this, 20 times. You have the record. More than any other of the Service Academies. [applause] pretty amazing. As the United States air force celebrates its 70th birthday this year, this trophy will serve as point of pride for the academys cadets, graduates, all the members, past and presence of the United States air force. That we love. [applause] i love the air force. I love those planes. I love buying planes at a reduced price. I have been negotiating. I have cut billions, they can check, right, martha, i have cut billions and billions of dollars off plane contracts sitting here. Do they give me credit . No. But that is okay. We can either do one of two things. We can buy more planes or cut the budget. What do you want to do . She says buy more planes. Think youre right. You now adays i think youre right. As proud as we are of your achievements on the field, we are even more proud of you, and all of those who attend our Service Academies in general. For your distinguished service on behalf of our great nation. When ever a air force crewc flies, you will fly a powerful symbol of american strength and american prestige. From the a10 warthog, this is what she flies. She said, please, please, mr. President , order more. You think that is just a great plane, right . It does some pretty big mage, i know that were working own that, okay. She loves that plane. To the f16 viper, not as good . Not as good. To the b2, a little different, but still no, pretty good though. Our proud aircraft and airmen fill our friends and you wouldnt believe it, with the level of confidence and think really truly strike fear into the hearts of our enemies. And ill tell you, we have some of those planes coming in. We have planes coming in from all different corners and all different sizes and speeds and with different capabilities. Youre going to be very proud of what were doing with the air force. And wherever thank you. [applause] thank you. And wherever our space and cyber airmen operate world class systems for modern warfare, the full might of america will be on display for all to see. With the new budget increases we have achieved in our spending bill, well be able to purchase greatest planes ever built, including f35. That is some plane and the next generation of military aircraft. We will maintain and expand our superiority in the air and our ability to protect and project americas vital security interests. Just across the river, not far from the white house, stands a soaring tribute to the men, and women, of the United States air force. The three arching spires of the Air Force Memorial represent the core values of this noble branch of our armed forces. Integrity first, service before self, excellence in all you do. For 70 years the United States air force has embodied those principles. I know each of you will uphold these standards with devotion and dignity throughout your military career. And i know that each of you will coinue to make your country proud. Their great people. I met everybody in the oval office. They actually said this is the first time youve been invited into the oval office. Actually the new England Patriots said that last week, they were not invited in but we invite them into the oval office. I think we should invite them into the oval office, right, dont you think . [applause] were very, very proud of you coach. Together the five branches of the United States armed forces, army, navy, marines, air force and coast guard, are the greatest force for peace and justice the world has ever known. And believe me, getting stronger and stronger and stronger by the day. One of the reasons that i was elected, one of the reasons that im standing here is called, people want their military to be strong, not weak, you but strong. Really strong. [applause] you keep us safe, you keep us strong, and you keep us free. Thank you all for your service. And congratulations again to the winners of the commanderinchiefs trophy, the great air force falcons. Thank you. Congratulations. [applause] with that, id like to invite coach troy calhoun, a great coach, loved by his players by the way, i said do you love him or dislike him . By the way some coaches are pretty well disliked but i this combination. A great coach, troy calhoun, congratulations, folks. Appreciate it. Mr. President , were overwhelmed with the graciousness of you and your staff. This certainly has been an unbelievable trip for our young men and young women that have been able to come along. And were so you proud. Only three weeks under your command, they will become commissionedded and Second Lieutenants in our United States air force. What they will bring is courage, integrity, boldness, and unquestionably, theyre champions, more than anything else, theyre abs you absolute winners. Ladies and gentlemen, the young men and young women of the United States air force academy. [applause] at this time we have a couple of momentos we would like to leave for the president. I will say this, our commanderinchief, you look at our roster. We never have anybody that is ever worn jersey number one here in the last nine years. I think we got a new tenant holder to that spot. I invite up westin steelhammer and jacoby owens to present a little gift to you. Thank you very much. You. [applause] thats so great, thank you. Come on up here. You how about our members of Congress Come on up. To commemorate from world war ii, the flying tigers as well. [inaudible] come on. Get up here. Come on, si f you hold that. You hold that. Got to see the side. Good picture. [applause] no thank you all very much. Great honor. [applause] neil all right. Youve been watching the president drsing the u. S. Air force academy here on aay he didnt fail to remind them that he is pledged 12 1 2 billion dollars more for the military, to let part of his latest budget. As you know there has been a back and forth on this whether republicans had the better taken from them on democrats but not when it came to the defense spending t was less than the president was looking for but it was still more for the defense budget, 12 1 2 billion dollars, reminding those young men and women that this is something in their interest and to keep the nation safe. With me you now as the president defended that budget is the republican senator, tim scott, from the beautiful state of south carolina. Senator, much has been made back and forth of that budget agreement and were told that the president wanted to remind the folks there as well as on tv that look, i mean, say what you will of more funding or increased funding for the Environmental Protection agency, what have you, when it came to the things that matter to me, paraphrasing the president , defense spending, i got what i wanted. Republicans were not had. What do you make of that . Well there is no doubt when you look at increase in spending from the military standpoint, Homeland SecurityBorder Security the president has done a good job negotiating. In addition weve been last six or seven years, every time you want more money for our nations military, for our nations security, you had to trade that off for nondefense domestic spending this year we didnt do that. No question in my mind, the president has a strong leg to stand on as it relates to increasing military spending as well as National Security issues around Border Security as we as Homeland Security. These have been real victories for the president. Unfortunately there is still funding embedded in the proposal on health care. There is still some funding in there for planned parenthood. Neil how did that happen, senator . That is what again this might be shot down with a vote in the house or the senate, doesnt look like that, but republicans have run of the city, they have the senate, house, the white house, and democrat seem to be gloming on to the point they got bert of white house, better of republicans again, increase in defend spending notwithstanding, what do you think . You think it is important for the president to lay his cards on the table what his priorities are. Miss priorities are National Security. God bless him for that. The fact of the matter we have more Resources Available for necessary responsibilities. That is our primary responsibility as members of congress from my perspective. How the negotiations occurred, why we see some funding for areas that we would personally like to see pushed out, i cant answer that question. Im happy that we have the military funding increase in this. Neil can you ask you about that, senator, i dont know the parliamentary procedures if that is the right term, you need 60 votes in the senate to aprevious these . The house seemed to feel we had to make these concessions fully recognizing the limitations of the process and winning over democratic votes and all of that and this is the way to go about it . Certainly, neil, there is no doubt that lack of a reconciliation tool of 51 simple majority hampers the ability for the white house and our House Majority to negotiate with the democrats. Neil on budget items, on budget items, there is no such thing as reconciliation, you need 60 votes. 60 votes. Only way to get that negotiate position were in, but better position we have been but not as far down the road as we would like to move this conversation. Neil senator, thank you for taking the time. I appreciate it. Yes, sir. Neil Charlie Gasparino is at this milken conference going on in los angeles. Charlie, im sure that is an issue coming up among investors there, whatever the rationale behind accepting what seemed to be big domestic spending initiatives championed by the democrats it looked like republicans caved. I know that is a little bit simplistic but that is how it looks. What you do you think . Yeah, listen, this place, i would say, neil, myopically focused what they do. And what their myopically focused on Business Conditions and cutting business and Corporate Taxes. That is one thing theyre also that is one thing theyre focused on of the other thing theyre focused on is the carried interest tax which is a tax on pivate equity when they buy something, keep it for a long time. That is what private equity does. Take stuff private and sell later. They allegedly fix it up and sell it, that they get a tasks benefit. Those are two things they look at. Carried Interest Deduction is one of the things for Trump Administration to pay for tax cuts and other issues. The spending theyre doing is trying to zero out that deduction. That is what theyre looking for here and anything to keep those two things, namely getting the Corporate Tax rate down to 15 , keeping the Corporate Tax, keeping the private equity deduction. Youre going to see some pushback on private equity. Listen, sounds like a benefit to fat cats, but let me tell you something they will make a economic rationale for it. Why private equity is good, they own 10 to 20 of the american workers, work for companies owned by private equity. Private equity often buys companies when theyre in distress and fixes them you up and sells them later. They obviously sell them for a profit. Sometimes they dont. But they will try to make the economic rationale for why that tax break is needed for private equity to buy. So that is what is going on here. And i think, the point you make about the budget, you know, not much you cuts here, there is obviously no entitlement reform which, at some point well have to get our arms around that. That puts more pressure onc the need for deductions to be capped or eliminated. Neil right. That is some of the stuff youre hearing here. Very interesting that neil im sorry, to jump on you. You have an update on the marlins situation now and jeb bush . What can you tell us . What is fascinated jeb bush came out, by the way great interview between jeb bush and terry duffy the head of cme. Terry duffy might have a future in the tv but he pressured him on the marlins sale. He said i will handle the business side. Derek jeter, yankees shortstop, will handle the baseball operations. They have tremendous support from the city of miami and investors. If you look back what were reporting on your show around foxbusiness. Com, jeb and jeter have to raise cash, Something Like one billion dollars or 800 million and a billion dollars to secure this deal. That is very hard. A lot of people are you doubtful bit. What he was saying today he was striking an optimistic ton that he could raise that money. Remember they bid 1. 34 billion. Major League Baseball demands mostly cash, not a lot of debt. The marlins, the team, already have a lot of debt. He sounded pretty optimistic. The flip side, jim gray is at milken conference, sports commentator and reporter, will interview all commissioners of four major sports including the baseball commissioner. He will ask them, pointblank, are the marlins which loses money really worth 1. 34 billion . What is going on here . Were going to see, exactly well get the other side of the story later on. Obviously i update that for you tomorrow as well. Neil thank you very, very much. Charlie gasparino over at the milken conference in california. By the way, there was another bit of drama today. It was in washington this time. Uniteds ceo facing tough questions over tough treatment of passengers. What about that overbooking policy where airlines typically book more tickets than there are Seats Available . Even after a guy gets dragged off and embarasses the airline with how it was handled, apparently the signal from United Airlines were going to stick with that policy, after this. Neil we do know later this hour, in fact the next half hour the president is expected to talk on the phone with Vladmir Putin of russia. We dont know what he will be doing with the air force academy in the oval office or whether he will usher them you out. We doc know the call is coming. At same time think about it, the president showing willingness to talk to the north krien leader as well north Korean Leader as well as have rodrigo due due tar day have in this rogues list of leaders changes how you deal with rogues. Cia analyst claire lopez these are not as threaten or dangerous as you think. Explain. Neil, this president likes to deal directly with foreign leaders by telephone or in person and likes to take america sure of foreign leaders who we have to deal with one way or another directly. That is his approach. Neil talking about the whole Asian Community or theater and