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Hall of fame for budget directors then jack lu surely would have earned a place for his service in that role under president khreupb con are ton when he helped balance the federal budget after years of deficits. when jack left that post at the end of the clinton administration he handed the next administration a record $236 billion surplus. the day i took office eight years later america faced a record $1.3 trillion deficit. jack's challenge over the next few years is to use his extraordinary skill and experience to cut down that deficit and put our nation back on a fiscally responsible path. ...

Not going to be against this bill. they wanted something to be done. maybe they, you know, over time, we'll see how this bill plays out. there's always unintended consequences to any time there's an attempt to legislate money by the government, whether money in politics or money on wall street. and of course, we really won't know for a few years how effective these reforms really are. >> and we're talking, of course, about olympia snowe and scott brown and susan collins. kelly and chuck, we've been trying to figure out who is going to replace peter orszag, and chuck, you were doing some work o...

Let's dig to what a 20% tariff would mean.eyla santiago, thank. let's dig to what a 20% tariff would mean. drives up the price of corona, tequila, margaritas is mucho sad. tom foreman joins us with the multi billion-dollar bottom line. tom? >> reporter: every minute, that is how much business is being chance act chance acted between the u.s. and mexico according to the think tank here in washington d.c. in 2015 mexico sent $295 billion worth of vehicles, machinery to the united states, the same year the united states sent 236 billion worth of machinery, vehicles, plastics and so on into mexico...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.