President Obama has released his budget proposal for next year's federal spending plan. The plan includes $1.1 trillion in cuts over the next decade. But Republicans already are saying Obama's plan doesn't cut it.
Tea Party members got the upper hand today. The House Appropriations Committee now wants $100 billion in spending cuts over what President Obama requested for 2011.
Republicans on Wednesday announced a plan to save $35 billion by eliminating dozens of federal programs and cutting funding from others. Jeremy Hobson speaks with Diane Swonk, chief economist of Mesirow Financial, about the proposed budget cuts.
President Obama proposes budget cuts of $400 billion over a decade. Senator Rand Paul proposes cuts of half a trillion in a year. Cutting what's realistic is the issue.
