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The author of "austerity: the history of a dangerous idea," president and ceo of the center for american progress, and former new york governor eliot spitzer. president obama sent his proposed federal budget for the 2014 fiscal year to congress on wednesday. plan calls for $1.8 trillion in deficit reduction over the next decade, which, together with actions that congress and the president have already taken, would apt to the much sought after goal of $4 trillion in total deficit reduction. the president has long championed. to get there, obama's budget offers a mix of new tax revenue and spend...

Bellicose leader opening fire, but is he ready to fire missiles? it's a million dollar punch. why is that ousted rutgers coach getting a big payoff? and spoiler. how will an arkansas oil spill factor in the keystone pipeline's fate. welcome to weekends with alex witt. let's get to what's happening out there. first to front page politics and new today after criticism from both sides, president obama is defending the budget he plans to send to congress on wednesday. in his weekly address, the president says his plan calls for a balanced approach to deficit reduction. >> we'll make the tough ...

The deficit by about $1.8 trillion over ten years with half the tax increases of the senate democrats plan. the house budget plan, the republican plan calls for no tax hikes at all, jenna. jenna: what is the reaction so far down in d.c.? >> reporter: well, ironically the first criticism came from the left. vermont senator bernie sanders who is an independent but he caucuses with democrats took a present eplt tiff shot yesterday. he said the budget proposal breaks with the president's 2008 promise not to cut social security. actually it trims the annual increase in benefits. but sanders said, q...

Don't have mental problems? because we're going to force them to have background checks. got it? we won't make anyone else have a background check. that way, you see, we make sure everyone has a ungo. got it. do you? we sell guns. that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. thanks, chris, and thanks to you for tuning in. tonight's lead, the president offers compromise but republicans, they've shown yet again that they don't know how to lead. today we learn that president obama will try once again for a grand bargain. his plan calls...

Times," the senate plan calls for nearly $1 trillion in new taxes, modest cuts in government spending but leaves the government with $566 billion in annual deficits over the next ten years. the house plan balances the budget by 2023 with big cuts in domestic spending and major changes to medicare and the tax code. charlie rangel, new york's most famous congressman, is here with me. former chair of the house ways and means committee. start with the chasm between the two plans. is there room for compromise at all between the senate and house plan? >> the major difference is that, obama and most ...