<p>In a speech this morning, President Trump said he would declare a national emergency in order to program approximately $8 Billion to build a wall on the U.S. border with Mexico.</p>
<p>He lamented that it would likely get challenged in the 9th Circuit, and that the ruling would likely go against him, and then it would end up in the Supreme Court, and then he would likely win.</p>
<p>He signed the bill that would fund the government for the remainder of the year, which provided about $1.4 Billion for the wall. Another amount can be routinely transferred from other parts of the government to contribute. The remainder will be transferred on an emergency basis, although which funds will be affected has not yet been determined. </p>
<p>When asked whether this would impact Defense spending, Trump noted that Defense spending had already risen substantially since he took office and that overall budgets would be improving.</p>
<p>The President also noted that the new trade deal with Mexico would provide more than enough in increased revenues to cover wall construction.</p>