Republican House Budget Chairman Paul Ryan unveiled Tuesday a budget that proposes to eliminate the annual deficit by 2023.
Ryan's budget touts less spending, lower tax rates and doing away with Obamacare.
On Wednesday, Democratic Senate Budget Chairman Patty Murray will put out her own 2014 proposal that is expected to contrast sharply with Ryan's. Both budgets proposals are viewed by both sides of the aisle as dead on arrival.
Officials from the Obama administration say the president is likely to release his budget in April, two months after the deadline required by law for the president to submit his budget to congress. White House officials cite the battles over the fiscal cliff and sequestration as the reason for the delay.
OutFront tonight: Republican congressman Peter King of New York.
Erin Burnett talks about a new study that reveals Facebook's ability to know your most intimate and personal information.
President Obama met with the Sultan of Brunei Hassanal Bolkiah Tuesday and took a moment to tell the foreign dignitary worth more than $20 billion what he can do while he and his family is in the United States.
"Tomorrow he is going to have an opportunity to take his family up to New York where we are going to encourage him to do some shopping because we want to continue to strengthen the U.S. economy," Obama said.
It was a joke.
Or was it?
Erin Burnett has the story.
Disgraced cyclist Lance Armstrong says it's only a matter of time before the public forgives him for cheating - just like they did Bill Clinton for his affair while in Office.
He just told the magazine Texas Monthly, "People forgive and forget and remember the good stuff you did.... Clinton did it – he loves to work, he loves people, he loves to hustle." Armstrong added, "He's a hero of mine. He's a tough guy, he's smart, surrounded himself with good people. And ten years later, he's president of the world. It can be done."
OutFront tonight: David Epstein – senior writer, Sports Illustrated, Stephanie Miller, Liberal Radio talk Show host and CNN Contributor Reihan Salam.
Former New York City police officer Gilberto Valle was convicted today for plotting to kidnap, rape, and cook women.
While Valle never carried out his plot, there was evidence that he took steps to make the cannibalism scheme a reality, including a document found on his wife's laptop called "abducting and cooking Kimberly: A blue print."
The defense argued it was all just sick fantasy. Was Valle convicted for his thoughts? Or is the verdict and a potential lifetime in jail justified?
Outfront tonight: Criminal defense attorney, Anne Bremner and former prosecutor Wendy Murphy.