Obama Says He Wants to Get a Big Deal Done on the Budget

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Last week, President Obama and House Speaker John Boehner agreed that the debt-limit deadline had created an opportunity for something "big:" tax loophole-closings and spending cuts, including adjustments to Medicare, Medicaid and Social Security. But yesterday, Boehner backed off and called for a smaller package or even a stopgap. Today, the President called a 30- to 90-day extension "unacceptable," cautioning that the closer we get to the 2012 election the harder a solution will become. Michael Shear is a political reporter for the New York Times.

 

Credits

Guest:
Michael D. Shear - New York Times - @shearm

Host:
Warren Olney

Producers:
Katie Cooper, Christian Bordal, Darrell Satzman