Obama's Long-Term Budget Proposal

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 (Mandel Ngan/Getty)

On Wednesday, President Obama spoke about fiscal policy, and proposed cutting $4 trillion from the deficit within 12 years. We get reaction from Professor Laura D'Andrea Tyson and Keith Hennessey, two former White House economic advisors.


Laura D'Andrea Tyson, S.K. and Angela Chan professor of global management at the Haas School of Business at UC Berkeley, current member of President Obama's Council on Jobs and Competitiveness, and former chair of the council of Economic Advisers to President Bill Clinton

Keith Hennessey, research fellow at the Hoover Institution and lecturer at Stanford's Graduate School of Business, and former assistant to the president for economic policy and director of the National Economic Council at the White House