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The Budget Fallout

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To the brink and after on the budget. We’ll look at winners, losers, the fallout and the way ahead.

President Obama speaks to the media after a meeting with House Speaker John Boehner, R-Ohio, and Senate Majority Leader Harry Reid, D-Nev., at the White House. (AP)
President Obama speaks to the media after a meeting with House Speaker John Boehner, R-Ohio, and Senate Majority Leader Harry Reid, D-Nev., at the White House. (AP)

It was a nail-biter Friday night, and then, the deal was done.

The biggest one-year budget cut in U.S. history and the government never shut down. What next? Well, more of the same big fight — on steroids.

Republicans won the philosophical debate in Round One. It was all about cutting, even as economists warned that could wobble the economy. The president resisted, and signed on.

This hour On Point: we’ll look at the emerging details of the big deal and survey the battleground for the much bigger fights straight ahead.
- Tom Ashbrook

Guests:

Laura McGann, deputy congressional editor for Politico.

Rep. Anthony Weiner, Democratic representative for New York’s 9th district since 1999, which includes parts of Brooklyn and Queens.

Gerald Seib, assistant managing editor and executive Washington editor of The Wall Street Journal. He writes the paper’s weekly Capital Journal column.

This program aired on April 11, 2011.

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