House Cuts Face Hurdle In Senate
It's been a week of budget talk at the Capitol and across the country. On Monday, President Obama presented his budget for 2012 and early Saturday, the House passed $60 billion in spending cuts. But Maya MacGuineas, the president of the Committee for a Responsible Federal Budget at the New America Foundation, tells guest host Linda Wertheimer that the budget cuts proposed thus far fail to address the real money-draining federal programs: Medicaid, Medicare and Social Security. Sen. Tom Coburn (R-OK), a member of a bipartisan group of senators considering ways Congress might reach agreement on spending cuts, also offers his insight.