committee. they unveiled their budget plan today. which includes more spending cuts than the house budget committee proposal which comes to the floor tomorrow. that resolution calls for $3.5 trillion in spending. and projects $2.9 trillion in revenue. democrats are opposed to the measure because of cuts to domestic spending and tax cuts that they say would benefit the wealthy. you can see live house coverage on c-span. >>> follow c-span's local content vehicles throughout the weekend as book tv and american history tv explore the histo rock, arkansas. saturday, starting at noon eastern on book tv on c-span2. author griff stockley on the little known riots and killing of at least 20 african-american sharecroppers. >> you had calls going all up and down the mississippi delta. and saying that blacks were now in revolt. and the next morning between 600 and 1,000 men, white men, pour into philips county to begin shooting down blacks. >> and on american history tv on c-span3, sunday at 5:00 p.m., former student bruce lindsey on integration and north little rock h th know what's going to

budget from republicans, house republicans. paul ryan is the chair of the house budget committee. he's expected to release his plan later this week. democrats are angling to reclaim the house of representatives and they have launched a offensive tying 41 house lawmakers to the proposal which is expected to include changes to entitlement programs for senior citizens. we'll have specifics tomorrow from congressman paul ryan and have more tomorrow afternoon. the democratic congressional campaign committee with its medicare march campaign. it began today with ro bo calls that connect voters to their representative and encouraging the constituents to demand that the plan be defeated. the house is expected to vote on the marked up plan next week. the robo calls assert that supporters of the ryan plan are demanding quote, the seniors who earned their medicare benefits spend thousands more, but refuse to end tax loopholes and give aways for millionaires. it's not fair, it's not right. that's the message from the democratic national campaign committee. here's what it sounds like. >> they ju

now, the blueprint for the ryan plan, he is the chair of the house budget committee, would collapse theax code from six individual tax brackets into two. a 25% top rate as well as a 10% lower rate. it would also significantly cut taxes and reduce revenue that the government would be collecting over the next decade by about $4 trillion. it would increase defense spending compared to the president's budget and it would make changes to medicare, a plan that is causing a lot of debate within -- among democrats on capitol hill and around the country. so let's begin with congressman paul ryan as he outlined highlights of his budget at a news conference on capitol hill. >> this year, we're going to build on the important work that we did last year. we're going to take several new and improved strides. first, we propose that we repeal the president's disastrous health care law. it stops the law's mandates from trampling on our liberty. it stops its spending from threatening our fiscal health. and it stops this board of bureaucrats from threatening medicare. instead, we propose to save and stren

committee for its time. >>> a portion of the debate that took place this morning in the house budget committee's markup of the republicans' 2013 budget. we'll have more from that markup in just a moment. right now committee member, in recess attending a series of votes in the house, and house members right now having just approved the rule for debating a bill that would end certain provisions of the health care law. two more votes in the house in this afternoon, during this particular portion of the day, and then members will return to the budget committee to continue work on the markup of the budget this afternoon. we'll have live coverage of that, and we do expect it to go until late tonight. we'll stick to it. right now, though, more debate from earlier in the republican budget proposal. this is about 15 minutes. >> thank you, mr. chairman. ranking member. i thought a good way to start today as we get into the details of what we're going to be discussing is to try and provide a little contrast. a little comparison between what we'll be we'll be offering on the republican side and what our col

today the house budget committee is reviewing the budget plan. they started this morning at 10:30. it's expected to last into the night tonight. we join it in progress. >> -- to increase tax breaks for millionaires. why when cutting medicare is it important to shift the burd ton middle class families? i think the bottom line is we have got-we've got a fight on our hands, and if we're going to keep the promise of medicare, if you value it as a fundamental promise to keep -- allow retirees to live their lives in dignity, then reject this republican plan. this is an important american value. and it's absolutely worth fighting for. i'm happy to, at this time, yield my time to the gentleman from new jersey. >> thank you, madam chairman. i have to start with this is a political document. every budget that's ever presented by the democratic party or the republican party or the no-nothings, it doesn't matter. this is a political document as nudge as you are smuch as you'rs an economic document, which partly it is. for the last 30 years you've sold us, tried to sell, the american people eco

of the top republicans on capitol hill house budget committee chairman paul ryan. congressman, thank you for joining us. you just released a budget. let's take a quick look at it. you call for $5.3 trillion in spending cuts. $2 trillion in tax cuts. and you would reduce the top bracket to 25%. are you asking everyone to sacrifice in this budget? >> first. we're putting the budget on a path to balance and pay the debt off. the president's budget brings us closer to a debt crisis. we're not proposing tax cuts. we're propose to go keep revenues where they are but to clear out all the special interest loopholes which are uniquely enjoyed in exchange for lower rates for everyone. a simply flatter more competitive tax system to bring at least as much revenue into the government as we are bringing now but in a fairer way so everybody pays the same tax rate when they make the same amount of money which is the kind of tax code that the president supported. >> the tax rate, you would reduce to 25%. the white house says that under your plan, you would give millionaires in thi

he testified before the house budget committee along with martin dempsey and david hail. the president's 2013 budget plan slightly decreases defense spending putting the pentagon on course for $450 billion in savings over the next ten years. >> the committee will come to order. excuse me. first off, let me just start by welcoming our secretary of defense, former budget committee chairman, secretary panetta. as you see, where you see your face here in the budget committee room and i don't know when it is the last time you've been in this room. it's a real pleasure. you have respect on both sides of the aisle here. we want to tell you how appreciative we are of your time. we haven't had this meeting in a while. and this is a topic that is so much more budget relevant these days than ever before. we're so appreciative of you being here. i want to welcome everybody to today's hearing to examine the budget request for the department of defense and explore how the federal government can meet the highest priority, providing for the common defense and strengthening our national se

america today and if he succeeds the ninety nine percent of us are condemned to live like serfs house budget committee chairman paul ryan himself a multimillionaire released his blueprint budget for fiscal year two thousand and thirteen which includes massive cuts to food stamps student loans medicaid and social security the budget also dismantles medicare as we know it transforming insurance program into a voucher program leaving me. williams senior citizens on their own to deal with for profit health insurance companies and in a nod to the republican party's super rich members like himself ryan proposes enormous tax breaks for the top one percent here's some specifics the ryan budget for forces six congressional committees that oversee social programs like food stamps for poor people and pell grants for students to find two hundred sixty one billion in cuts it cuts medicaid spending by eight hundred ten billion over the next decade forcing states to drop health insurance coverage for more than fourteen million disabled elderly impoverished americans who currently rely on medicaid it ends medicare as

budget committee budget does and spends $4.7 trillion more than the house budget committee budget does an thus adds $2.9 trillion more to the backs of our children. as i said, mr. speaker, about $15.5 trillion today, soon to be $16 trillion, that we have borrowed and spent, that we have impoverished our children with, so we can improve the standard of living we have, $15.5 trillion, the gentleman from maryland's substitute increases it by $3 trillion more than does the house budget committee report, due to priority he is spends on, merits that kind of increase. the priority he is fews -- focuses on -- to the priority s he focuses on merit that increase? it's wonderful we can have that debate. the congressional black caucus substitute raises taxes by $1.6 trillion and spends $5.3 trillion more. which means it reduces the national debt more than the house budget committee does. it does so by raising taxes $6 trillion and only reduces the debt by under $1 trillion but that's one of those priorities that folks have had the courage to lay out here on the floor o

we're going to get more specifics tomorrow from the chairman of the house budget committee. but he has been talking on the house budget committee website about the issue of medicare making some significant changes overall to the medicare program to try to stop the -- the stem of spending that we've been seeing in this country and bring down the deficit. >> that's right. he really wants to make that a contrast to the ryan plan, a republican, house republican plan, as opposed to president obama's plan for medicare which they say is ipab. that's really another showdown this week that we're going to see in the house. >> one of the specifics from the ryan plan, and he has the support of congress, senator ron wyden of oregon, the idea that some options who decide not to take medicare would have the possibility of buying their own insurance through a private market and take a subsidy from the federal government. is that going anywhere? >> that is an idea that we expect to see in the ryan budget tomorrow. we haven't seen all the details yet, but it looks like that's the way things ar

house budget committee chairman paul ryan will endorse romney today. this is one day after former president george h. w. bush also endorsed the former massachusetts governor. former florida governor jeb bush has endorsed romney, but former president george w. bush is remaining neutral. it is 43 degrees. so much more to come on good morning washington. the capitals needed a big win against the bruins. tim brant has the highlights from the back and forth. signs of progress in the fight against a wildfire in colorado. we have an update for you. glaxo wellcome. -- welcome. beledweyne moving nicely near the mormon temple. there was an accident, but then has been moved quickly. no impact at connecticut avenue. the beltway between 270 and 95, i would say go for it. >> looks nice outside this morning. 15-20 degrees colder than we were yesterday at this time. 44 degrees at reagan national, 39 at dulles. 36 at winchester. above freezing finally in western maryland where the freeze warning continues even though it is 37 in oakland. the frost advisory, darker blue

house budget committee chairman paul reiner released his budget proposal today. the washington post rates house republicans laid down a bold but risky election-year marker unveiling a proposal that aims to attend the national debt by reshaping medicare and getting deeply into medicaid, food stamps, and other programs for the port while reshaping the tax cut to sharpen lower rates. we spoke with a reporter for more. >> john shaw's with market news international house budget committee chairman paul ryan released the details of the 2013 budget blueprint today. what are some of the key highlights in his proposal? >> well, paul ryan is offering a new plan that is largely reflecting what he offered last year, so it is a plan that makes fairly deep cuts in spending, seeks to fundamentally overhaul medicare, medicaid, calls for urgent sweeping tax reform. a lot of these particular policy issues are things that his budget committee can recommend to some of the other committees but that the budget committee just puts out a broad framework. so this plan sets up a broad frame

here is what house budget committee chairman ryan said on the house floor on august 1. "what the budget control act has done is it has brought our two parties together, so i would just like to reflect for a moment that we have a bipartisan compromise here. that doesn't happen all that often around here, so i think it's worth noting. that's a good thing. and what are we doing? we are actually cutting spending while we do this. that's cultural. that's significant. that's a big step in the right direction. we are getting two-thirds of the cuts we wanted in our budget, and as far as i am concerned, 66% in the right direction is a whole lot better than going in the wrong direction." so, mr. president, last summer, our house republican colleagues were pleased to be getting 66% of what they wanted. they made an agreement. they shook on it. they ought to keep the agreement that they made. and it seems that our house republican friends are on their own because at least so far, the senate republican leadership has agreed we should keep to the speed limits that we took on just -- s

today, representative paul ryan, the chairman of the house budget committee, put out his version of the budget. that's what happens every year. last year, there was an outcry about it. today, without missing a beat, not from the obama campaign, but from the white house, all the cache phrase, the wealthiest few americans, taxpayer giveaways, hedge fund managers undermining medicare as we know it. how does the white house expect to be taken seriously had they say it's a do-nothing congress, they don't let anybody make a point without demonizing them politically that. hurts their credibility. >> the fact is that the ryan plan -- first of all, he doesn't say anything about the tax with 25%, it's a devious plan. he says, you can keep medicare if you want to. no, you can't. if you are under 55, have you to go out in the free market -- [overlapping dialogue] >> if you want to keep your doctor. >> you are right. that statement was an overstatement by 3 and 4 million, maybe as many as 10 million people. ryan is putting people out in the free market system and they can't afford to be there. >> be

as chairman of the house budget committee in the 1980s and 1990s and then later as omb director, i had the opportunity to work on budget issues, regarding military and economic assistance to israel. one of my warmest memories is working closely as a member of congress with my dear friends naomi, lauder, she was special to me, she served as the regional director based out of san francisco, i understand her son is here and carries on her great work. [ applause ] i should mention that i have a personal connection to israel that dates back to my days as a member of congress. for more than ten years i shared a house with a group of fellow congressmen right here in district of columbia, if you have seen the movie "animal house" you'll have an idea what it was like. one of the members of that house was chuck schumer. someone that many of you know and understand that is a tremendous passion for israel. we slept in the bottom of the house, living room area and every night before we went to sleep he made me say the shuma. [ applause ] i made him say the hail mary. he learned from my passion as a

budget tuesday which combines cuts to programs for the poor while installing lower overall tax rates. >> we have an obligation in the house because we're in the majority. >> congressman paul ryan house budget committeeote the gop budget called the path to prosperity. >> we are here to offer americans the chance to choose which future they want for themselves, the president's path of debt and decline, or the path that we're proposing. >> the gop aims to merge six different tax rates into just two, a 10% and a 25% bracket for individuals and create one corporate tax bracket of 25%. >> we have never needed a budget more than we need it today. >> but while republicans say the government is spending too much democrats argue it isn't taking in enough in taxes, especially from the rich. >> not a plan that this president could support. >> white house press secretary jay carney described the gop plan is a rye run of previous efforts to -- a rerun of previous efforts to safeguard tax cuts for the wealthy. >> unfortunately what we see in this proposal is again much like its predecessor, essentially a shift of money from the middle class, seniors, and lower income americans, disabled americans, to the wealthies

paul ryan chairman of the house budget committee detailed a proposal which would reshape medicare and called for furnishing over to the states major programs including medicaid and food stamps and calls for slashing corporate and personal tax rates. democrats vowing to protect the elderly and poor point out the senate has no plans to consider the gop proposal. >>> nbc news has learned president obama plans to speed up the process of building the southern part of the controversial keystone pipeline. on thursday in oklahoma the president will announce his decision to expedite the current process for the pipeline from oklahoma to the gulf of mexico. in january, the president denied a permit for the other part of the pipeline from canada to the gulf coast saying is there wasn't time to conduct an environmental review. >>> the uproar over the shooting death of an unarmed florida teen continued at a town hall meeting yesterday. a line of angry protesters flowed out the door of the chapel in florida as a crowd of some 350 gathered to voice their outrage over the shooting of 17-year-old trayv

. >>> congressman paul ryan, the head of -- the high-profile head of the house budget committee is expected to announce his support for mitt romney today. also speculation that ryan could be picked as number two on the ticket. yesterday, george h.w. bush formally announced his endorsement of romney. >>> this is surveillance video from inside an a school bus as tornado ripped through the area. that bus was lifted off the ground and tossed into a diner. it happened minutes after the bus driver got all of the children off. >>> the weather could get pretty rough today for henriville and much of indiana, in fact. a chance of tornado dose from indianapolis. evening rain in pennsylvania and the mid-atlantic. some flooding rain from seattle to northern california. some snow in the cascades. sierras and northern rockies. 49 in seattle. 69 in sacramento. 55 in chicago. 75 in omaha. 80s from dallas to miami. here in the big apple, about 55. business news is next this morning, including a major announcement from best buy, closing dozens of its stores and a car that drives itself. >>> also this morning

he won the backing of house budget committee chair and wisconsin congressman paul ryan curtis comes as an nbc news poll puts a man had an wreck santorum is second followed by newt gingrich and ron paul. a new medical marijuana superstore opens his doors in a few hours. it is the wegrow store and it will have lights and food for growers. john gonzales is live ahead of the grand opening. >> today marks the opening of the openingwegrow store on the east crust. they will not sell you the marijuana plant receives but will sell you supplies to could grow your own ensure you have to do it. -- and show you how to do it. he is afraid his chronic arthritis is are intensifying. >> i have arthritis in the spine. >> he is open to growing as a medicinal marijuana indoors. >> you have to have someplace where you have some light. i normally put tomatoes there. >> the northeast d.c. store as the wal-mart of wheat is located blocks in the u.s. capitol building. you will find every product and service to start your own cannabis garden. there's even a live hydroponic garden. >> legal or not legal, there i

the central california district in congress for 16 years, served the last four of those as house budget committee chairman. his death of knowledge on budget issues led to his appointment by president clinton -- his depth of knowledge on budget issues led to his appointment are pressing clinton. he became a white house chief of staff and a crucial point in our political history and congress and the president are able to pass needed and meaningful reforms in an era of divided government. after his congressional and white house service, no one could have blamed him if he had enough of public life. but the secretary believes public service is an honored calling. out of government, he and his wife created the institute for public policy based at california state university, monterey. much like the center here, the institute's goal is to instilling in our brightest and the passion -- a passion for public service. we have known each other for many years. i know one thing we have in common is a belief that it is important to find the imaginations of the next leaders, regardless of how the party -- of the

house oversight committee looks at the european debt crisis. both federal reserve chairman ben bernanke and treasury secretary tim geithner testify. and when that hearing wraps up, live coverage of the house budget committee. consideration of the republicans' budget proposal for next year. we expect to bring you the house budget markup at about 12:30 p.m. eastern. >>> the u.s. ambassador to the u.n., susan rice, testified on capitol hill today about the obama administration's foreign operations budget. some members questioned the $79 million used for unesco, the u.n. educational scientific and cultural organization. even though palestine is not internationally recognized as a country. ambassador rice's testimony is an hour and a half. >> i want to welcome everyone to today's hearing. ambassador rice, thank you for being with us today to give testimony and answer our questions on the administration's budget request for the united nations and international organizations. i know it's challenging year since you last. we commend you for your efforts to get the international community to pressure iran to stopu've also pushed the u.n. t assist countries in the middle east and north africa that are faci

the house budget committee chairman is expected to endorse mitt romney. his endorsement would be a boost to romney's campaign, coming days before the wisconsin primary. romney is campaigning today. ryan has been mentioned as the possible vice presidential candidate. >>> rick santorum brought his campaign to the bay area yesterday. they appeared in alamo. he compared himself often to ronald reagan, a well known jelly belly fan. >> i supported the reagan idea of limited government and giving everybody in america the opportunity to provide for themselves. >> now, today santorum joins the other candidates campaigning in wisconsin. >>> despite vehement opposition, the oakland school board will close five elementary schools this june. >> that's unacceptable. >> teachers, parents, students urge the district to reconsider its decision. the board met yesterday afternoon in an unplanned meeting because a protest shut down the regularly scheduled session wednesday night. ten people were arrested. now, here are the five schools slated to close. lakeview, police sere,

the head of the house budget committee announced his support for mitt romney this morning, wisconsin congressman says the primary fight has been constructive until now. his state holds its primary tuesday. mitt romney leaves the gop pack with 554 delegates. >> first lady michelle obama will fly to the bay area this afternoon, her first up is san fransisco for a campaign fund- raiser and then she heads to the coast guard island in alameda where she will take part in the commissioning ceremony for the coast guard cutter. >> " maybe a huge security breach for one of the biggest credit card companies here in the united states. >> you may know the jingle but not everyone gets the same deal. why some bay area customers need to pay more for the $5 foot long. >> first on sale, some spaces for your ads, human billboards. >> a lot of clouds in the skies, a few showers to the north but,, hong >> a mixed bag on wall street after a new report shows consumer spending grew last month. take a look, this is a live look at the big board in new york and you can see the dow is up about 61 points, consum

wisconsin republican paul ryan is the chairman of the house budget committee and key architect of this're proposing and the path of the debt and decline the president placed us upon. >> bring back kate bolduan, cnn congressional correspondent. what else is in this? >> there's a ton in this but some of the headlines really were a lot of the controversy, a lot of the fire is coming from, one big one is you're talking about some very deep spending cuts, so one element of it is cutting spending by about $5 trillion over ten years, compared to president obama's budget, that's a big number. also talking about an overhaul of the tax code, eliminating deductions, and credits, a host of them, but also taking it down to just two individual tax brackets, 10% and 25%, and probably the most controversial element of this whole thing as it was last year is we're talking about significant changes to medicare, to kind of broad stroke it for you, it would give future seniors a subsidy from the government to purchase health care, be it private or traditional medicare program. not surprisingly democrats w

budget. yesterday, house republicans unveiling the budget. the house budget committee calls for deep cuts and changes in medicare. every other proposed budget has been a bust. senator john thune is here. you are the mystery guest, i might add who i share the green bay packers. >> also a big joe thiesman fan and green bay packer owner. >> we are all packer owners tonight. is the senate going to pass a budget? >> it doesn't look like it. as you said, the house -- they -- they submitted their budget this week. they voted on it, the budget committee cast out tonight, it will be on the floor next week. under the budget law, the senate budget committee is supposed to by april 1 produce a budget and the house and the senate are supposed to have acted by april 15 on a concurrent resolution. i don't see any -- i just don't think there is any chance that the senate will pass a budget this year. >> i just don't understand that. as i understand the way it works is that -- senator harry reid is the stopping party. the president submitted his proposed budget. the house has its budge

. >>> representative paul ryan is chairman of the house budget committee and he released what he calls prosperity plan this morning. it is a 98-page budget which calls for spending cuts, two tax brackets of 10% and 25%. this is interesting because it wasn't clear actually in the 98 pages as to whether he would eliminate loopholes even though he was angry about them. but he would, that means somebody will pay a lot more money. there are also medicare changes in there and a loot of other things. gop presidential hopeful mitt romney called the plan "a bold step," the same three words he used last year when paul ryan put out his plan. earlier i had the chance to ask the congressman if he considers mitt romney's comment an endorsement. >> well, i don't know if it is an endorsement or not. i talked to newt, mitt and rick about this budget. wanted to make sure it jives with the kind of things they're saying in their campaigns. what's important is we owe the country a choice of two futures. if we don't like the direction that's been taken our country, which we don't, it is not enough to critic

house oversight committee looks at the european debt crisis. both federal reserve chairman, benjamin bernanke and treasury secretary tim geithner testify. when that wraps up, the house budget committee, beginning consideration of the republican budget proposal for next year. expect to bring you the house budget markup at 12:30 p.m. eastern. >> the news service reported earlier this year that it found millions of dollars of fraud in the food stamp program. the report said hundred of retaller banned from the program continued accepting food stamps. some in exchange for beer, cigarettes and cash. earlier this month, the house oversight committee held a hearing on the issue. this is about an hour and a half. >> the committee will come to order. the oversight committee exists to secure two fundamental principles, first, americans have a right to know that the money washington takes from them is well spent. and second, americans deserve an efficient, effective government that works for them. our duty on the oversight and government reform committee ties protect these rights. our solemn responsibility is to hold government accountable to taxpayers, because taxpayers have a right

a report yesterday reads, and i quote, house budget committee chairman paul ryan's new budget plan specifies a long-term spending path under which by 2050, most of the federal government aside from social security, health care and defense would cease to exist according to figures in the congressional budget office analysis released today, end of quote. not only am i severely disappointed that the chairman would walk away with a deal made with the president on the budget control act, but i'm saddened the republicans have such a poor view of government. i'll be the first person to admit government is not a panacea for all the country's problems, but it isn't the singular cause of all of our troubles as some would suggest. as a former teacher, principal and school board member, i will tell you one area where we shouldn't be cutting back and that is education. youngsters are more than a work force commodity to be left to the free market. the role is to fill in where state and local governments have funding gaps. this is critical in ensuring all children have access to high quality public educati

house is scheduled to vote. the vote may already have taken place on what is known as the ryan budget. have you all heard about that?s chair of the house budget committee, has come out with a budget for 2013 that medicare, forces people out of traditional fee for service medicare into the for profit insurance system that will cost on average $6,000 more to everyone on medicare. that's what it will cost if paul ryan has his way. it cuts medicaid as kathy said more than 50% of medicaid dollars go to support nursing homes in this country. and the vast majority of residents of nursing homes are women and make no mistake if those medicaid cuts go through possibly thousands of nursing homes around the country will be forced to shut down. social security. the ryan budget attacks social security and calls for future cuts in social security benefits and the ryan budget also calls for slashing an entire range of social programs like after school programs and head start and family planning clinics. all of those programs would be cut. all of these things disproportionately serve women. and something that we're often not wabe is that all of these programs dispropor

thank you. [ cheers and applause ] ♪ >>> thursday, house budget committee leaders paul ryan and chrisan hollen discuss the budget proposals. they'll look at both plans and discuss whether they think it's possible for a comprehensive budget to pass in both chambers of congress. it's hoeted by the national journal live 8:30 eastern on c-span2. here on c-span 3, a hearing on rising gas prices. why prices have risen quickly over the last few months. it's held by the senate energy and natural resources committee live at 9:30 a.m. eastern. >>> ronald leaving his hotel after a speech -- reagan comes out -- the agents are surrounding him, he shoots. jime brady in the head. the second one hits tom delahante who turned around to chk progress. i'm hit, now the path to the president is clear, it's wide open. hinkley has an effective range of 20 to 30 feet. he's done target practice, can hit stationary targets 20 to 30 feet. >> march 30th, 1981, john hinckley fires six shots, this weekend on american artifacts, del quinton wilbur on the race to save a president sunday at 7:00 and 10:00 p.m. easter

ryan, who chairs the house budget committee, often mentioned as a likely vice presidential pick. ey has praised the congressman's budget blueprint, which passed through the house yesterday along party lines. in another key endorsement for romney, former president george h.w. bush officially threw his support behind the republican front-runner. after a private meeting in houston, the 41st president encouraged the party to start looking to the general election. >> barbara and i are very proud to fully and enthusiastically endorse and support our old friend, mitt romney. he's a good man. he'll make a great president. and we just wish him well. i do think it's the time for the party to get behind governor romney. he reminded me of kenny rogers, there's a time when to hold them, a time when to fold them. well, i think it's time for people to get behind this good man. >> bush 41 quoting the gambler. you've got to love it. rick santorum downplayed suggestions that romney has a lock on the nomination. he appealed to conservatives yesterday, urging them to stay true to their conservative p

half a million people have signed that petition on change.org. >>> in just a few minutes, house budget committeews conference on capitol hill. he is releasing the house republican budget blueprint, and you can expect cuts to be a big part of that plan. our congressional correspondent kate bolduan is on capitol hill with details on that plan. kate, fill us in. >> reporter: hey there, carol. well, i'm in a new location here. we're actually getting ready for a press conference where we'll be hearing from house budget committee chairman paul ryan and some of his colleagues. they will be coming in in the next few minutes. we are waiting for him and waiting for that. we have a copy of the budget they just put out just this morning. obviously there's a lot in it but the headlines here are really that you should be looking for them deeply cutting spending cap. this is domestic discretion yaer spending. this is spending on domestic programs that does not include spending on entitlements, the major drivers of our country's debt. that's a significant number because it's about $20 billion less than the numb

house oversight committee looks at the european debt crisis. both federal reserve chairman ben bernanke and treasury secretary tim geithner testify. and when that hearing wraps up, live coverage of the house budget committee begins consideration of the republican budget proposal for next year. we expect to bring you the house budget markup at about 12:30 p.m. eastern. captions copyright national cable satellite corp. 2008 captioning performed by vitac

studentcam.org. >>> members of the republican study committee today unveiled their budget proposal for the coming year. the plan includes some of the house budget committee's proposals with additional spending cuts. minutes. >> one of the things that makes our country so special and so great is this simple concept that parents are willing to make sacrifices for their kids so that when they grow up, they have life better than we did. they, in turn, do it for their children and each generation in this great country has done that for the next. now unfortunately what we have is a -- and frankly the blame is with both parties. for the last couple decades we'veve for the moment, spend f the moment and decide it's okay to send the bill to the next generation. and that is just wrong. we you all know where for the first time since world war ii, we have a debt bigger than our entire economy. and it's time things change. and so what we want to today under the hard work of scott garrett, mick mulvaney is a budget that discipline, that understands that basic concept that you shouldn't send the bill to someone else. you should pay for things each gene

. >>> right now house budget committee chairman paul ryan is on the hill.thing he said in unveiling his budget is we will repeal obama care. that is going to be the centerpiece of a big fight that is shaping up. the gop budget aiming to slash the national debt by more than $3 trillion over the next decade. instead of six tax brackets for individuals, his plan uses two. 10% for individuals, 25% for small businesses. it will also lower -- i'm sorry. it will also lower the corporate tax rate to 25%. earlier this morning msnbc's joe scarborough asked ryan if the debt will still increase with this. >> we do not have that. all right. well, let's listen for just a second to paul ryan who is live on capitol hill. >> what's coming this next year? the sec quester is coming, and a lot of people in washington would like to simply ignore this. a lot of people in washington would like to simply think that we can spend as we're going and ignore the fact that on january 2nd the see quester kicks in. we don't think we should ignore this, and so away we're doing in this budg

ryan is the house budget committee chairman. he could announce his endorsement as early as who today romney gives an economic speech in appleton, wisconsin. the state holds its primary next tuesday. ryan's endorsement would come a day after former president george h.w. bush announced his support for romney. >>> president obama will hit the campaign trail today in new england. he will attend a series of fund-raisers in vermont and maine. includes a $7,500-per-person luncheon in burlington. tickets are $5,000 apiece. >>> since obama became president, gas prices have nearly doubled. obama opposed exploring for energy in alaska. he gave millions of tax dollars to solyndra which went bankrupt. he blocked the keystone pipeline so we will all pay more at the pump. >> you may see this ad on tv if you live in virginia. the group called american energy alliance is spending $3.6 million on the commercial which criticizes president obama's energy policies. the group is particularly critical of the president's call for an end to tax breaks f

house budget committee chairman puts in cuts to the social services as well as tax cuts, things thatare pretty much on the democrat side 0 who are looking for tax increases. what does this proposal mean for defense and how does it effect the whole sequestration debate? >> paul ryan is trying to present a vision to voters that this is a party that is differentiated from president obama's view of the world and of government and its role and place in society that also includes defense spending by trying to reverse the 2013 sequestration cuts as well as possibly buy back some more in the future. he's preemptively laying the groundwork for house leadership who want to pass bills before memorial day to take away the defense cuts in 2013 under sequestration so that out on the campaign trail they are not held responsible because these are going to hurt jobs and hurt those in uniform. >> he's certainly done the partisan differentiation in terms of his priorities, but i think he's merely underscored what the likely past forward is on sequestration. if we get a split election outcome that we're

house oversight committee looks at the european debt crisis. both federal reserve chairman ben bernanke traensy secretary tim geithner testify. and when that hearing wraps up live coverage of the house budget committee as it begins consideration of the republican's budget proposal for next year. we expect to bring you the house budget markup at about 12:30 p.m. eastern. >>> lawrence lindsay led the white house economic council during the first two years of the george w. bush administration. at the atlantic forum on the economy last week he said neither democrats nor republicans have credible economic plans. he was interviewed by the atlantic's editor and chief. [ applause ] >> there's been a lot of discussion about how difficult the last decade has been in global markets, global economies. we don't need to belabor it. what is your diagnosis of what we have just gone through, the problems that we've been facing? >> well, you know, i think the guilt that we should all have for a little bit of hubris is in order. in my profession, i started talking about how the economy had changed, how we were in a new normal, how, you know, we conquered variation. and all that tends to do, you have a long p