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John Phelan: “The president also announced, you know, a very, very large…”

Featuring: John Phelan, Secretary of the Navy | National

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Navy Secretary John Phelan on rising Iran tensions: I would suggest Iran settle this soon

Published | Video Starts at 08:02

If you, if you had had all your clients in defense stocks and then, you know, they were going to be subject to more supervision or regulation. So I think there's two ways to look at it, Joe. Right. The president also announced, you know, a very, very large budget increase. So what he's basically saying is get your act together, otherwise we're not going to allocate the, those, those deals to you. So the fact is the defense stocks. (08:02–08:06)

CLAIM

Asserts that the president announced a large budget increase.

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