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United nations budget. use ambassador to the u.n., nikki haley, praise the cuts is a big step in the right direction. fox business is blake burman has it. >> at u.s. ambassador to the united nations say this is a historic reduction in spending over the weekend, touting how the u.n. budget for the fiscal year 2018, 2019 will be dropped by $285 billion, and shortly after, in a statement she describes that the inefficiency and overspending of the united nations are well-known. we will no longer at the generosity of the american people be taken advantage of, or remain unchecked. you and spending i...

Talk to reporters, this wasn't worth the cost of alienating the united states, the palestinian throwing a temper tantrum, get back to acting like adults. jillian: it came out the us negotiated a $285 million cut in the un budget for the next year, how big a deal do you think that is? >> it is a big deal on its own, $285 billion here or there begins to add up, a big deal on its own but even more significantly this shows there hasn't been a backlash to the way the us approached our embassy in jerusalem. we heard everywhere, the us is going to be isolated but since the vote happened ambassador ha...

syrian state tv calls the move a conspiracy that lacks legality. two of the country's closest allies, lebanon and iraq, have distanced themselves from the sanctions. voteers in the democrat irk rhee public of conoco are heading to the polls this morning. there's a challenge from ten candidates. the gong lease are struggling to restore their country. those are the top stories from cnn, the world's news leader. i'm monita rajpal. "world business today" starts right now. hello, and welcome to "world business today." i'm charles hodson at cnn lon n london. i'm andrew stevens live f...

What republicans asked for from bill clinton then was total, $285 billion in cuts from medicare and medicaid for ten years. that's $64 billion a year if you annualize it. president obama in his framework has already said he's in favor over the next 12 years of cutting medicare and medicaid by $780 billion. you know what that comes down to every year, chris? $65 billion a year. so republicans in '95 had $64 billion, that was radical draconian. president obama in his framework says $65 billion in medicare and medicaid over the next 12 years. is that draconian? is that monstrous? well, we'll -- >...

The deficit, to get these budgets under control. but it could be costlier and more tragic in the future. what would you say to him about that? >> well, certainly, for example, there was just a report out this january that said, in the last year, we spent $285 billion on military contracts with companies who were defrauding the united states. so clearly we have thrown a lot of money, because when you're in war, in the fog of war, as some say, you don't want to be accused of not getting the bullets and everything that people need. but clearly we've been at this now for eight years, there are thi...