In this Feb. 12, 2014 file photo, President Barack Obama speaks in the East Room of the White Housein Washington. The White House says President Barack Obama's upcoming budget proposal will not include his past offer to accept lowered cost-of-living increases in Social Security and other benefit programs. Those had been a central component of his long-term debt-reduction strategy.

In this Feb. 12, 2014 file photo, President Barack Obama speaks in the East Room of the White Housein Washington. The White House says President Barack Obama's upcoming budget proposal will not include his past offer to accept lowered cost-of-living increases in Social Security and other benefit programs. Those had been a central component of his long-term debt-reduction strategy.

President Barack Obama’s 2014 budget focuses on new jobs in manufacturing, energy and infrastructure. House Republicans key in on welfare reform and overhauling social programs. Guest host Tom Gjelten and his guests discuss the proposed White House budget and its implications for the mid-term elections.

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