biden set to lay out his budget proposal to the nation in a few hours. mj lee is following this. walk us through what we believe the president s priorities will be, particularly now since he does not control both houses of congress. reporter: we do expect the full details of this budget to come out in a matter of hours but there are major come po ne components of the budget that we know. we know the president is going to propose cutting the deficit by $3 trillion, this is notable because in recent weeks he s been talking about that figure being more like 2 trillion so this is more aggressive. we know he wants the cuts to the deficit coming in part from taxing high earners and large corporations. he has said he doesn t want to put extra taxes on people learning less than $400,000. we are talking ant tbout thingse allowing medicare to negotiate drug prices and savings there would go back to the program. and boosting federal fund for early education and child care, including m
you can t sape that. you are entitled to the opinion but not the facts. there are no spending cuttings. they center no budget cuts . the democrats last proposal has a net increase in spending. you are not saying no spinding cuts but when you add in the rev snew. there is it a net increase in federal spending. we ll spend more money in 2013 than we are this year. we probably will be spending more money. but that is it not how you do an anal stis of sphending cuttings. why not? yes, it is it. yes, it is it. my friend. i will go back to the topic or not. my friend rich is it of the opinion that barack but bum obama is it going on a hundred city tour. they are agencies of government going out to work with various cities to help
wallace. he s largely out of the lime light since the campaign ended. governor romny his eye on washington. the president has handled the sequester in the spending cuttings. no one think that is is a success. he doesn t think it would happen. it is happening. but tidate what we have seen, the president out campaigning to the american people and doing rallies and flying around the country and berating republicans and what does that do? the republicans are retrenching and put up a wall . that is it a gnarl e. the president has the opportunity to lead the nation and bring republicans and democrats together. it is it a job only the president can do. the obama administration is right now releasing hundreds much of illegal immigrants
it will be toup the senate. mr. obama said the impact will not be felt immediately. but the pain will be real, uma. yet another showdown looms on the horizon, mike, thank you very much. i talked with wyoming senator who said the white house is playing politics with the lives was every day americans. spending cuttings are final lie going to occur. why have tried to get spending under control for a long period of time. this is just the first step. the american people realize that half of the money sent to washington and taxes is wasted. they know that washington is full of wasteful spending and now the mench people are getting what they asked for in terms of getting the spending under control because they are worried that their kids are buried under a mountain of debt. the cuts are happening, but many people are concerned about the specific cuts that were taking place and there a stay that the cuts could have
america s number-one security company? i wish i had adt. i m glad we had adt. [ male announcer ] get adt installed for just $99. and ask about adt pulse, advanced home management here today. adt. always there. helie, everybody. i am uma in washington and the clock is ticking to the friday deadline and lawmakers are struggling to hammer out a bill . avoid the the automatic spending cuttings . ? states like virginia, officials say it is devastating . we ll ask rob whitman about the impact. gov knov in washington is saying not to worry about the nuclear tanks . update coming at the top of the air and chair bound