President Obama Chides Republicans

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At today's White House news conference, President Obama said that to reduce the deficit, he'll make spending cuts that hurt his political base. He chided Republicans for their reluctance to increase taxes on the rich. The President said failing to raise the debt limit by August 2 will force choices between paying interest on bonds or social security and veterans' benefits. He also talked about Libya, Afghanistan and infrastructure rebuilding to jump- start the economy. We hear excerpts from his first White House press conference in three months.



Major Garrett - National Journal - @MajoratNJ, Larry Sabato - Director of the University of Virginia’s Center for Politics and editor of Sabato’s Crystal Ball. He’s author of “The Kennedy Half Century; The Presidency, Assassination, and Lasting Legacy of John F. Kennedy.” - @larrysabato, David Mark - Politico - @DMarkPOLITICO

Warren Olney

Frances Anderton, Karen Radziner, Katie Cooper, Darrell Satzman