The Battle over the Budget in an Election Year

When it comes to the economy, the President is pulling no punches. He's caught between the need to create more jobs while trying to reduce a crushing deficit. He claims Republicans caused the problem, and calls his $3.8 trillion budget a blueprint for avoiding disaster. Republicans call it just more taxes and increased spending. We talk with a top White House advisor and others about what it means for corporations, the wealthy and the middle class. Does the growing deficit threaten America's leadership role in the world? Would healthcare reform help get the country out from under water?