Detailed text transcripts for TV channel - FOXNEWS - 20170523:13:44:00
>> shannon: as news continues to break overseas, here at home president trump's first budget proposal came out this morning. the white house looking to cut more than $3 1/2 trillion in government spending over a 10-year period. that includes $800 billion from medicaid, a $193 billion reduction in food stamps but social security and medicare are not going to be touched. all of this hinges on a tax reform plan that no one has seen. we spoke about that and much more earlier with house majority leader kevin mccarthy. >> shannon: before we get to the details of the budget and other things we want t...