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Criticized from those on the left and those on the right in terms of not doing enough to tackle spending. what did the president say about that today? >> reporter: you get a sense that the president's team was stung by "the washington post" calling him "punter in chief." neither party wants to go first in terms of laying out an entitlement plan, fearing it will put a bull's eye on that plan. here's the president on that issue. sfwl -- this is not a matter of you go first or i go first. it's a matter of everybody have a serious conversation about where we want to go. and then ultimately getting...

So this is not a matter of you go first or i go first. this is a matter of everybody having a serious conversation about where we want to go, and then ultimately getting in that boat at the same time so it doesn't tip over. and i think that can happen. julianna goldman. there are you. >> thank you, mr. president. >> uh-huh. >> your budget relys on revenue from tax increases to multinational corporations that ship jobs overseas and on increases in oil and gas industry. you've been calling on this for years. and if you couldn't get it through a democratic congress, why dow thi-- why do you think...

Having a serious conversation about where we want to go. and then ultimately getting in that boat at the same time so it doesn't tip over. i think that can happen. >> i would encourage our friends on the other side of the aisle, 23 of whom are up in 12 to take another look at where they think the politics of this all may be. and maybe join with us and see if we can't come together to significantly reduce spending for this fiscal year that we're in at the moment. >> let's talk this over with gloria borger. it sounds like president obama and minority leader mcconnell are saying the same thing, b...

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Dealing with entitlements. carl cameron reports on what republican lawmakers plan to do about the entitlement issue but we begin with white house correspondent mike emanuel on the sales pitch. >> the morning after his $3.7 trillion budget was released he held a news conference to defend it. >> the first step is to make sure we are stabilizing the current situation. >> he has taken a great deal of heat by not offering plans for bloated entitlements and medicare and medicaid. he is not trying to wait out the republicans. >> this is not a matter of you go first or i go first but everybody having ...