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Imus in the morning.
On the -- -- Good morning everyone house Republicans are set to unveil their federal budget later this morning congressmen and House Budget Committee chairman Paul Ryan will present the plan which aims to balance the budget.
Over the next decade with out raising taxes by implementing four point six trillion dollars in government spending cuts.
In a Wall Street Journal opinion piece Ryan says his proposal calls for the US government to spend a total of about 41 trillion dollars to 22 through 28 point three.
A 3.4 percent annual increase compared to the current spending trajectory -- 46 trillion dollars over ten years which is a 5%.
Ryan's budget also aims to reform the tax code with just two brackets 10% and 25%.
And will also push -- could to convert Medicare into a voucher like system under -- seniors get a subsidy to purchase private insurance or traditional Medicare.
Ryan's budget would also overturned president Obama's health law and grant approval to part of the keystone XL oil pipeline.
Which he says could result in nearly 140000.
The budget set to be in -- at 10:30 AM eastern time.
-- of president Obama's nominees to head agencies regulating the financial industry will go before the senate this morning for their confirmation hearings.
Richard -- -- is looking to be re appointed to run -- Consumer Financial Protection Bureau.
While Mary Jo White is looking to take the Helm of the Securities and Exchange Commission.
In a prepared statement might says she thinks fishing rule making under the Dodd-Frank Wall Street reform law must be an immediate imperative for the SEC.
She also wants to make sure the agency fully understands and regulates high frequency trading.
Record trade it could be a tough road ahead many Republicans are promising to block his nomination as they did in the last congress.
Over concerns about the structure of his agency which they say should not be led by a single director and has too few checks and balances.
And it looks like small business owners are more confident last month compared to January despite the anticipation of across the board government spending cuts.
-- started to take hold on March 1.
The National Federation of Independent Business says its optimism index which gauges -- sentiment and outlook.
Rose to ninety point eight compared to the January reading of 88 point nine plans by owners increased capital spending and restock their warehouse is also went up.
Checking markets now here in the US futures are down across the board Dow futures are down 28.
Yes and he's down by about three and the nasdaq's down about seven but we do have some good news for coffee drinkers you may soon be able to tip.
Be -- credit card at your favorite cafe Adam Shapiro has more on that for marketers are sounding the -- -- quite often -- Well you have out what we're all doing it usually debit card or your credit card and you pay for your coffee but you leave a -- Gaza in the days and he's -- throat tip into the tip jar and that's not happening people worked behind the counters in a lot of places not to Starbucks.
But all kinds cafes are getting the tips -- the pay they used to get so.
Did -- -- an electronic -- Italy to use your credit card leave a tip.
Orange daily -- -- New York city's actually testing -- -- -- some of its stores Starbucks is testing a device Belichick -- with your Smartphone in fact we -- them on.
Fox Business a few months ago on this claim in at 3 PM.
So the bottom line is in the future credit card into the -- -- -- buck and you gonna help pay the people behind the counter who -- -- the services that of course.
We hope so -- Adam it looks like now didn't have beyoncé it Vice President Biden and former secretary of state Hillary Clinton I'll have something new incoming what's going on there.
Hackers and -- this'll be the first and only time I think any -- ever say.
Hillary Clinton and -- -- actually and in the same sentence because there among the people whose private financial that as well -- some personal information was posted to a web -- In Russia now the Los Angeles Police and FBI say Mel Gibson beyoncé he said Vice President Biden.
Former secretary of state Hillary Clinton and Kim Kardashian are among the sixteen victims.
Who had their private data stolen and whatever you want we're -- -- and posted -- that website.
Aren't Adam Shapiro live from the newsroom thanks Adam -- And shares of Yum! Brands are jumping in the pre market after the company said its first quarter same store sales in China fell by a smaller than expected.
20% compared to a year ago the parent of KFC also reported a surprising 2% increase in same store sales for February.
Thanks to Chinese New Year and easing worries about a food scare that your overweight customers.
Young -- shares were clobbered last year on issues related to the quality of -- -- -- using in China where does more than half of its overall sales.
Here's a look at commodities now oil and gold -- -- we got oil up by just about six cents gold them up by sixteen dollars.
Now here's the -- -- live on Fox Business giving you the power to prosper.
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