Washington (CNN) - The U.S. House of Representatives is scheduled to vote Thursday on about $40 billion in budget cuts for fiscal year 2011. Then within 24 hours, the package must pass the Senate and be signed by President Obama.
At the same time, President Barack Obama unveiled his long-awaited deficit reduction plan Wednesday, calling for a mix of spending reductions and tax hikes that the White House claims would cut federal deficits by $4 trillion over the next 12 years without gutting popular programs such as Medicare and Medicaid.
On American Morning this morning, Future DNC chair Rep. Debbie Wasserman Schultz talked to Kiran Chetry about the criticism the President has received for his plan.