Bolden speaks first:
/-- Emphasizes that the budget will support vigorous human spaceflight program with new initiatives
/-- Will employ as many people as Constellation does now
/-- Constellation (Ares I/V and Orion capsule) is canceled.
/-- Will work with Congress to see that the cancellation goes through smoothly
/-- Full utilization of ISS through 2020
/-- Boost commercial space development
/-- The CCDev $50M to be distributed to Blue Origin, Sierra Nevada, Boeing, Paragon and ULA
/-- Technologies to enhance space flight such as fuel depots
/-- R&D program for heavy lifter
/-- Strong science robotics program
/-- Earth observation a major priority
/-- Strong education efforts

Here is the text (pdf) of his remarks.

See also
/-- twitter.com/jeff_foust
/-- twitter.com/b0yle

Sally Ride strongly endorses the new policy direction.
- Says the prior effort was far off course.
- Robust technology development program will greatly enhance in-space exploration in the future.

Beth Robinson reviews budget details:
/-- $100B over 5 years for NASA with the $6B
/-- $600M for first year of commercial crew transport program
/-- $8B over 5 years for technology R&D.
/-- Fuel depots, autonomous rendezvous and docking, etc.
/-- A number of smaller demonstration projects
/-- Robotic precursor missions for things like in situ resource utilization
/-- ISS R&D support
/-- Commercial crew $6B over 5 years.
/-- Starts out at $500M
/-- $2B for KSC improvements
/-- Money for earth observation, climate missions.
/-- Aeronautics investments include green aviation initiatives
/-- Money for Constellation close outs over the next 2 years.

Q&A mostly with Laurie Garver
- Moon, NEOs, Mars remain long term goals but focusing on reversing decades long underinvestment in technologies that will enable affordable exploration.
- NASA will absolutely go beyond LEO, initially with a more robust robotic program.
- Was defending the commercial transport approach when I lost the audio for a couple of minutes
- Will work to reduce gap in human spaceflight launch capability
- Alan Boyle asks about HLV. Laurie says the R&D budget is very robust. Will focus on next gen launch capability. Notes that Ares V development would not have started till 20116 while this work starts now. International partners will be included. Not "restacking" of previous hardware [i.e. no DIRECT].
- Will get beyond LEO on a timetable that would have beat the prior program. Augustine panel showed we wouldn't get to the Moon to 2028 at earliest. Doesn't give a specific date for first new deep space human mission.
- Believe JSC will be impacted in a positive way by new budget.
- Lays out new programs for MSFC to replace Constellation loss.
- Looking at several Flagship missions to provide specific goals to guide the technology development.
- A discussion of working with Congress to win them over to the new initiatives
- Canceling Constellation, not canceling human spaceflight
- Don't want to just repeat Apollo missions of 30 years ago.
- Aging infrastructure needs to be updated across the various centers.
- Looking at 2016 as end of Gap but hope industry can beat that.
- Allow for manned vehicles that can fly on different rockets but depends on what industry offers.
- Looking for bids involving a wide range of technologies.
- Because $9B has been put into an un-executable program is no reason to put in $50B more.
- Looking to expand interactions with the public and let far more people get directly involved in space exploration.
- Don't want to set an arbitrary deadline for ISS lifetime.
- Will work hard to expand utilization of the ISS with a wide range of organizations.
- New technologies like Bigelow inflatable habitats open up lots of new possibilities
- Questions about Ames, Michoud and Marshall
- Non-committal on Chinese partnerships.
- Laurie believes seeing humans on the Moon and elsewhere within our lives is very possible.