Global Politics

2012 Budget Aims to Cut Deficit

President Obama's 2012 federal budget proposal is out and the debate over spending has begun. This comes while the 2011 budget has yet to be resolved. For the GOP it's all about cutting, so will the president's proposed budget make it through Congress?

Global Politics

Facing the Big Bad Budget

Joining us to discuss potential budget cuts is Gus Faucher, an economist with Moody's Analytics, who says that while there is no long term fiscal gain without short term pain, the proposed cuts in discretionary spending are just a drop in the bucket.