Ballooning Decifit News Today : Breaking News, Live Updates & Top Stories | Vimarsana

On new reaction coming into the budget's president plan. president obama unveiling a $3.8 trillion plan that the white house insists will reduce our ballooning decifit. republicans argue it runs against president about him's own promise made at the beginning of his presidency. >> that's why today i'm pledging to cut the decifit we inherited by half by the end of my first term in office. now, this will not be easy. it will require us to make difficult decisions and face challenges we've long neglected. but i refuse to leave our children with a debt they cannot repay, and that means taking respo...

Proposing a new budget that will help us live in our means while investing in our future. >> does president obama's budget live within our means? it's hard to see how. obama's budget will run a $1.4 trillion decifit this year alone, and through 2011 -- 2021, his vision for the future includes $9.5 trillion in budget busting deficits that lock in historic rates of big government spending. usa today said of obama's budget it's becoming hard not to conclude that obama doesn't much care about the debt threat and rather than leading, "the washington post" said president obama's budget kicks the har...

Something, but we did not get that word until later in the day. in the meantime, this massive asteroid, heather, this will put a smile on your face, cheer you up, the size of an aircraft carrier. how close would this come to planet earth? michio kaku is watching t. he's here live to tell us. >> and u.s. forces killed bin laden, and they left behind a key piece of technology damaged during the raid. the secrets of a top secret stealth helicopter, they're worried it could get into the hands of a country we're not too friendly with. bill: and ways to tackle our nation's ballooning decifit. how ...

Frankly, there's a lot to follow. next hour, an interview with the former governor, mike huckabee, he was just in israel a week ago, but for all the latest on the crisis in cairo, log on to foxnews.com, you'll get all the breaking details, up to the minute reports from our reporters in the field, working that story on the ground in the middle east. nine minutes past. martha. martha: all right. well, let's get back to d.c. now because this could be the biggest cut to the federal budget since world war ii. house republicans are now proposing a deal that would slash $100 billion from our nation's...

>> four options for you, right now online in our poll. we'll have the results a bit later in our program here. see what our folks think at home about this. >> another story this morning, president obama weighing in a town hall battle over the rising decifit. during this event this morning he was asked what he would do if republicans refuse to agree to tax hikes. here's what he had to say. >> what we're going to end up having to do, probably, is to set some targets and say, you know, those targets have to be hit, if not automatically, some cuts and tax increases start taking place, and that wil...