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Politics

Watch: White House briefing with OMB director Mulvaney

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Office of Management and Budget director Mick Mulvaney holds a briefing at the White House on Tuesday.

On Monday, the White House announced that it is seeking to slash federal spending by $3.6 trillion over the next decade through cuts across most agencies and impose new restrictions on aid to the poor.

Read more:
White House 2018 budget proposal is out, and it slashes the social safety net
A lot of 'red states' would get hit very hard by Trump's budget

--CNBC's Ylan Mui contributed to this report.

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