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The chair of the Senate Budget Committee talks about how world events may affect U.S. budget talks, and the future of the Federal Reserve.
After last week's budget roll-outs, Republicans and Democrats continue to blame each other for the impasse over proposed spending cuts. But Fortune Magazine's Allan Sloan says he is bored with the budget faceoff, and explains that neither side has proposed a plan that would fix the deficit.
President Obama will release his 2012 budget plan today. It's expected to contain stringent spending cuts, but republicans already are staging their opposition. Jeremy Hobson speaks with Julia Coronado, chief economist at the investment bank BNP Paribas, about the proposal.