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>> indeed. meanwhile in one hour, president obama will roll out his $3.7 trillion budget blue print for 2012. out of hundreds federal programs, what's getting the axe? let's ask kelly wright live in washington with the details. hi, kelly. >> good morning to you, steve. parkview middle school and central technology in baltimore will be the site where president obama will unveil his new budget. why a school you might ask? the president wants to set the stage on his budget and make investments in education and other programs. here in washington, republicans say those investments actually stand fo...

This recommendation is among several that could help cover texas' $15 billion budget shortfall. steve? >> fill er up. thanks. president obama's budget director jack lew on the program touting the administration's $2012 budget proposal and joining us for reaction of what mr. lew had to say about the plan is the president and ceo of forbes, steve forbes. good morning to you. >> good morning, steve. >> my first question was will we in the next year spend less than we are -- rather, save more than we spend and the answer was no. >> no. and it's a budget to nowhere and the savings, $1.1 trillion ov...

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