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As republicans accuse him of punting on big three budget busters. social security, medicare, and medicaid. the president says he is willing to take the plunge and go after those programs if republicans will jump off the cliff with him. >> 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. >> shepard: but the way the process works, the president does go first. he has already sent his budget to congre...

Drug cartel opened fire. the obama administration condemned the attack. the federal government could literally run out of money and shut down within weeks if the congress and the president can't agree on a budget for the year that's already under way. >> and then there is the fighting over cuts in next year's budget. john hendren joins us from washington with more. john? >> reporter: good morning, rob and vinita. this is the first major showdown of the new congress and so far neither side is blinking. it's a high stakes game of budget chicken. on one side president obama. >> let's use a scal...

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. >> juliana goldman. there you are. >> thank you mr. president. your budget relies on revenue from tax increases to multi-national corporations that ships jobs overseas and on increases on the oil and gas industry. you've been calling on this for years, and if you couldn't get it through a democratic congress, why do you think you'll be able to get it through now? and also, doesn't it blind your push ...

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 you are. >> thank you, mr. president. your budget relies on revenue from tax increases to multi national corporations that ship jobs overseas and on increases in oil and gas industry. >> yes. >> you have been calling on this for years, and if you couldn't get it through a democratic congress, why do you think you'll be a...

Deal with. between 12% and 16% of the entire budget. most of it is medicare, medicaid and social security. nothing in there about this. you saw the questions say, you have a whole commission. you had bipartisan support to do something about this, why nothing in here. he kept saying, that's going to come up later. he's asking conservatives and republicans to come in with their best shot at dealing with the burgeoning expenses, and he's not putting it into his budget. very curious approach. >> gloria, what do you think about that? he just kind of passed the ball, if you will, and decided, if you...