Trump told a bipartisan congregation of U.S. governors that the budget “will be a public safety and national security budget.” Mulvaney explained that the subsequent budget proposal for 2018 will also factor in funding for the U.S.-Mexico border wall, fulfilling yet another of Trump’s campaign promises. “We are taking his words and turning them into policies and dollars,” Mulvaney said.
President Trump’s words: “I have to say, when I was young in high school, in college, everybody used to say we never lost a war. […] And now, we never win a war. We never win, and we don’t fight to win. […] We’ve got to win, or don’t fight at all.”
Mulvaney said that the budget proposal itself will be submitted on March 16 and that the budget will be finalized by early May. The March release is only expected to deal with agency operating budgets that Congress funds. By May, they will also address tax reform and mandatory programs (e.g. farm subsidies, health programs, student loans, food stamps, etc.).
Presumably in response to President Trump’s announcement of the budget blueprint, Lockheed Martin, a security, defense, aerospace, and technology company with ubiquitous U.S. Military contracts, saw a 6.55% spike in share value on Monday. Raytheon, a U.S. defense contractor, saw a 12% bump, and Northrop Grumman Corporation spiked 13.93%. All net changes are high enough that they would warrant bold-print listings if viewed on a traditional stock quote in any financial paper.
