Two Visions for a Federal Budget and Gadhafi's Future

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House Budget Committee Chair Paul Ryan (R-WI) unveiling his 2012 budget proposal last week.

David Sanger, chief Washington correspondent for The New York Times, joins Kerry Nolan to discuss the debate over how to reduce the federal deficit.

Now that this year's budget has been settled, attention is shifting to the budget blueprint to cut future spending. The House released their version last week, with $6.2 trillion in proposed cuts over the next decade. President Obama has his own plan. Sanger explains the differences between these two plans and weighs in on the government's debt limit. He also says that the United States is searching for a country that would shelter Moammar Gadhafi if he were to step down or be forced from power.