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Alayna Treene Apr 12, 2017
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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.