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How important is a federal budget anyway?

Rep. Paul Ryan (R-WI), Chairman of the House Budget Committee, presents his budget plan during a press conference on March 12, 2013 in Washington, DC.

It's going to be a big budget week in Washington. Rep. Paul Ryan (R-WI) released his spending plan today, and the Democrats are set to unveil their federal budget sometime in the next few days.

Juli Niemann, analyst at Smith Moore and Company, joins Marketplace Morning Report host Jeremy Hobson to discuss whether Washington's budget stalemate will be broken anytime soon.

About the author

Juli Niemann is executive vice-president for research and portfolio management with Smith, Moore and Company.
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