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  • thank you for budgeting Time for CNN. 2

  • 10. 3

  • I'm Carla Zeus, and budgeting is the first topic we're tackling this Washington D C. 4

  • President Donald Trump has released his budget proposal for the year. 5

  • 2020. 6

  • The government's budget involves trillions of dollars. 7

  • The vast majority of its revenue comes from taxes, the budgets of blueprint for how the government plans to spend that and what the difference is between its revenue and expenditure. 8

  • For years, under Republican and Democratic administrations, the government has spent much more money than it takes in. 9

  • President Trump's proposal includes reductions in what the government plans to spend $2.7 trillion in cuts to most federal agencies. 10

  • The White House says it's the biggest spending reduction in presidential history. 11

  • But it would still take 15 years under this plan for the budget to balance, meaning that what the government spends is equal to what it takes in. 12

  • According to the hill dot com, the Environmental Protection Agency, the State Department, Housing and Urban Development and federal agriculture and education departments would all see reductions in their funding while defense spending would increase, and programs that help veterans modernize government technology and fight the nation's opioid epidemic would receive more money. 13

  • The budget proposal sets aside $8.6 billion for border security that includes the wall, or barrier the president has promised to build between the US and Mexico. 14

  • That's something that's generally supported by Republicans who controlled the Senate. 15

  • They say the president's proposal has no surprises and that it's a good first step in the budgetary process. 16

  • A border wall is generally opposed by Democrats who controlled the House of Representatives. 17

  • They say the president's proposal is irresponsible and that it has no chance of passing in the House. 18

  • No president's budget has ever been adopted by Congress, though it shows the president's priorities for where the money should go. 19

  • But because Congress controls the purse strings, the two chambers could debate, change and revise the plan for months before a compromise is sent to the president's desk to South America. 20

  • Now in the midst of massive protests, political upheaval and skyrocketing inflation, the struggles of many Venezuelans recently got worse when the power went out. 21

  • 70% of Venezuela has been without electricity at some point since last week as the country's economic crisis has gotten worse. 22

  • Blackouts have become increasingly common. 23

  • But one this big is rare, President Nicolas Maduro said the U. 24

  • S was behind it. 25

  • He blames America for sabotaging Venezuela's network through a cyber attack. 26

  • One Guido, who's declared himself the new leader of Venezuela, says that's nonsense because the country's main power plant isn't online. 27

  • He in the U. 28

  • S. 29

  • Say that quote incompetence of Maduro's government is to blame. 30

  • Both Venezuelan leaders have called for rallies in the nation's capital. 31

  • Well, the piece of good news comes from the lights that you see behind me. 32

  • It seems that this city, this country, is just beginning to recover. 33

  • But the toll has taken already in a country crippled by acute shortages of food medicine. 34

  • And now this. 35

  • We have heard stories of so many people just struggling to survive, especially in those hospitals that were already facing so much adversity today. 36

  • We heard from many, many people who said, Look, the power must come back on. 37

  • We're running out of everything. 38

  • We have spoiled food in our homes and no way to really figure out how to get more food, quite frankly, the money to get more food into our homes right now, The government has said that Monday. 39

  • Again, everyone should stay home. 40

  • Schools, businesses. 41

  • The government is closed. 42

  • People again will continue to try on recover politically. 43

  • The opposition still continues to say this was mess management on the government side, President Maduro continuing to hold to his line, saying that this was indeed sabotage. 44

  • One thing is for sure, the hydro system. 45

  • The electricity system in this country, is in dire need of repair and in the middle of a drought, Venezuelans know that while this blackout may be over for now at least beginning to be over, they know that they risk more blackouts to come. 46

  • And, of course, more struggles. 47

  • Pulling in CNN Got a kiss? 48

  • 12th Trivia. 49

  • Which of these private Space Flight Cos. 50

  • Was launched first? 51

  • Virgin Galactic Space X blue origin for Bigelow Aerospace. 52

  • These companies are listed in order from the youngest to the oldest, with Bigelow having been launched first in 1999. 53

  • It's been almost eight years since a manned mission to space took off from U. 54

  • S soil. 55

  • American astronauts traveling to the international space station have taken a seat aboard Russia's Soyuz spacecraft, which cost the U. 56

  • S $81 million per person per launch. 57

  • That could soon change, though, as early as this summer. 58

  • Private companies like Space X, which receives billions in funding from the U. 59

  • S. 60

  • Government, could soon offer trips to the I S s. 61

  • Those would cost 58 million per seat. 62

  • If and when that becomes a reality, though, organizations other than NASA might be willing to pay to send people up there. 63

  • And the space station is only really built for six at a time. 64

  • So another private company is joining the growing field of those looking to provide space solutions. 65

  • Robert Bigelow, a real estate developer who made his fortune building a chain of low cost motels. 66

  • Now he's looking to grow his real estate empire off earth. 67

  • I mean to imagine floating around in here. 68

  • Do you envision tourists also inhabiting these? 69

  • Absolutely. 70

  • He believes his company, Bigelow Aerospace, may have the solution to our space housing problem. 71

  • Expandable habitats. 72

  • All of this at one point when its first launch is gonna be compacted, really small space and then expand into this structure. 73

  • Right? 74

  • So it's squeezing ah, core. 75

  • And then expansion takes place around that court and Now you have the shape of your spacecraft. 76

  • How does this thing actually expand once it's launched into space? 77

  • We just pump in gas, nitrogen and oxygen because these habitats start out deflated and small. 78

  • It makes them easier and cheaper to launch the metal structures. 79

  • The middle alternatives for the I S s. 80

  • I run into several billions of dollars to produce a habitat and four or five years of construction. 81

  • You can do it faster and cheaper. 82

  • It's actually it's not just cheaper. 83

  • He says the 18 inch walls of his habitats will better protect us from space debris and radiation once it expands. 84

  • The B 3 30 prototype has the same volume as a small three bedroom house and their largest model, the Olympus, is twice the size of the international space station. 85

  • What the system is gonna be used for, I mean, is this a space hotel? 86

  • Is this gonna be a space station? 87

  • Well, we're doing is trying to create a sort of generic facility habitat. 88

  • We want to be able to entertain entities cos space agencies. 89

  • What you're describing sounds like a landlord and the going rate to lease 110 cubic meters of volume for 60 days, $25 million. 90

  • That may sound pricey, but that's still a fraction of what it costs now. 91

  • And that's because there are only two habitable locations offer the international space station and China's space station up to now, spaces characterized mostly by nations being able to only do these kinds of things, and I spend prohibitively expensive. 92

  • We're trying to attack both of those things, and it's that belief in the impossible. 93

  • That drove Bigelow to pursue his design because the technology behind his inflatables is something NASA started toying with in the sixties. 94

  • They dropped the idea because the materials they were using weren't strong enough. 95

  • We're trying to size or in close systems for six people as a Max. 96

  • But Bigelow saw promise He licensed the technology from NASA in the nineties and started his aerospace company. 97

  • You've sunk about $200 million of your own money into this, actually to 75. 98

  • But who's counting? 99

  • Why single this money into this seemingly impossible task? 100

  • We don't think it's impossible. 101

  • That's that's the first premises because if we did, we wouldn't attempt it. 102

  • We just think it's difficult. 103

  • This isn't just an idea. 104

  • His company has already sent two prototypes into orbit, and they have a contract with NASA to test one of its habitats on the I. 105

  • S s were addicted to that direction of space and doing whatever we can to get us there and keep us there. 106

  • Theo Car company that brought the World The Beetle, also known as the Bug, may soon bring it The bug i de buggy with I d reportedly standing for iconic design. 107

  • It's just a concept at this point, but it created a buzz. 108

  • Get it at the Geneva International Motor Show last week, and Volkswagen says it might actually produce the electric dune buggy in small numbers is a way of attracting attention to VW's electric cars. 109

  • It only seats two. 110

  • It only has two doors, and while it made some fans bug eyed, others will want a bug out when they begin to adjust their compound eyes to that bug, garish shade of green. 111

  • Does it bug you?

thank you for budgeting Time for CNN. 2

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