Apr 12, 2017

Mulvaney's realistic approach to Trump's economy

J. Scott Applewhite / AP

President Trump's Budget Director Mick Mulvaney spoke with CNBC's John Harwood about what to expect from the administration's four-year economic plan — and he's more realistic about what is and isn't possible.

Our thought bubble: Mulvaney is known as a deficit hawk, but he says he's planning to work within the constraints the president has set out (no entitlement cuts, infrastructure and military spending on the rise), so it won't be easy to cut spending and eliminate the debt to the degree he might otherwise like.

Trump's trillion dollar infrastructure plan is "the most efficient way to actually allocate resources," Mulvaney argued, adding, "It's a little less important to me if infrastructure adds to the deficit."

On the debt ceiling: "Yeah, we're going to raise the debt ceiling. But we're going to have to do it as part and parcel of a larger thing."

An impending government shutdown: Mulvaney told Hardwood the chances of a shutdown are "very low" and insisted that it wouldn't be that big of a deal because "83% of the government stays open in a government shut-down. Social Security checks go out, military still exists. ...I think the consequences have been blown out of proportion."

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NYPD commissioner: "I'm extremely proud" of officers' response to protests

New York City Police Commissioner Dermot Shea in February. Photo: Yana Paskova/Getty Images

New York City Police Commissioner Dermot Shea said in a public statement Sunday that he is "extremely proud" of the New York City Police Department's response to protests over the death of George Floyd Saturday night, writing: "What we saw in New York City last night and the night before was not about peaceful protest of any kind."

Why it matters: New York City residents captured several instances of police officers using excessive force against demonstrators. In one video, two NYPD SUVs are seen ramming into protesters who were blocking a road and throwing traffic cones at the vehicles.

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Why it matters: This marks the first time a private company has delivered people to the space station and it signals the beginning of the end of NASA's reliance on Russia's Soyuz spacecraft for flights to orbit.

Minnesota AG: Prosecution of officer in George Floyd case shouldn't be rushed

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Why it matters: Chauvin was arrested last week and charged with third-degree murder and manslaughter, which implies that he did not intend to kill Floyd. Some protestors have demanded more severe charges and Floyd's family has asked Ellison to serve as a special prosecutor in the case.