A day after President Trump introduced his fiscal budget proposal, with plans to pull $7.2 billion from the Pentagon's coffers to fund the border wall, the U.S. Army Secretary says he supports the mission.
Sec. Ryan McCarthy, a former Army Ranger and Lockheed Martin executive, told Cheddar in an interview on Tuesday that "the border wall is a national security issue." McCarthy said the increased presence of soldiers on the border, along with the newly constructed parts of the wall, have already led to a drop in illegal crossings.
While crossings have dropped substantially since last spring, some critics claim it has more to do with the White House all but cutting off asylum applications in the U.S. So far, according to the CBP's own figures, the vast majority of the wall that has been constructed under the Trump administration was replacement of existing structures.
The administration's budget ー a document that will be dead on arrival in Congress but signals the president's priorities if he were to be reelectedー includes cuts to the Army's top line, though it does substantially increase R&D spending at the Pentagon that will presumably be used to help restructure and modernize the armed forces.
"The Army is in the midst of a major transformation over the last three years," McCarthy said. One of the goals of that modernization is to improve recruitment with a plan to aggressively increase talent drives in 22 major cities. "It's been a challenge," McCarthy conceded, acknowledging that the tight labor market has made the Army's job harder in getting top candidates to sign up.
One of the ways to encourage job-seekers to consider military service, he said, is to highlight the "variety of career paths" available and the Army's generous tuition assistance perks.
"We have to be ready to meet national objectives every moment of every day," he said.
Catching you up on the stories you need to know this morning, the U.S. could soon get its first major gun safety law in years, the House Select Committee investigating the January 6th attack on the U.S. capitol holds its second hearing, and today might just be the day the Supreme Court overturns Roe v. Wade, and decides on new gun laws.
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The PGA has suspended 17 golfers, including Phil Mickelson and Dustin Johnson, who are competing in a Saudi-backed golf event outside of London. In a memo, commissioner Jay Monahan said "these players have made their choice for their own financial-based reasons", announcing they are ineligible to participate on the PGA tour or any other tours it sanctions. Hugh Kellenberger, Senior Managing Editor at the Athletic, breaks down the controversy, and what might happen next.
U.S. stocks closed Friday at session lows after May CPI data showed inflation in the U.S. has not peaked and is still rising rapidly. For the week, the S&P fell 5.06%, the Dow lost 4.58%, and the Nasdaq dropped 5.60%, marking the worst week since January for all three major indexes. Mike Zigmont, Head of Trading and Research at Harvest Volatility Management, joins Cheddar News' Closing Bell to discuss.
Benefits brokerage, Nava Benefits, raised $40 million in a Series B round. Nava says it's on a mission to fix healthcare, one benefits plan at a time. The startup is working to bring benefits to small business that are normally available to only Fortune 500 companies. Brandon Weber, Co-Founder and CEO of Nava Benefits, joined Cheddar News' Closing Bell to discuss.
