First - great news from the Office of Management and Budget - from Breitbart:
Mick Mulvaney Orders Federal Agencies to Prepare for Massive Cuts
Office of Management and Budget Director Mick Mulvaney will send a letter this week ordering federal agencies to prepare for massive cuts, according to a report from Axios.
As part of Donald Trump’s plan to streamline federal government, Mulvaney will demand that federal agencies significantly reduce their costs and increase efficiency. The reorganization will likely involve selling assets, laying off employees, and the cancellation of programs deemed unnecessary.
The letter will fall in line with Trump’s executive order from March 13th, which dictates Mulvaney “propose a plan to reorganize governmental functions and eliminate unnecessary agencies (as defined in section 551(1) of title 5, United States Code), components of agencies, and agency programs.”
Second - I was thinking this might happen but surprised that it happened so quickly - from Zero Hedge:
South Korean Paper Reports China Has Deployed 150,000 Troops To North Korea Border
While the catalyst is unclear, it appears the market dropped as headlines of further sanctions against Russia appeared and reports of China deploying 150,000 troops to its North Korea border.
According to Korean news agency Chosun, the "Chinese army has deployed about 150,000 troops to the North Korean border in two groups to prepare for unforeseen circumstances." The reason: the prospect of "military options", such as preemptive attacks on North Korea, like the one the United States launched on Syria.
Interesting times indeed...
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