Congress to go from 2011 frying pan to 2012 fire

The House and Senate are ready to vote on legislation cutting almost $40 billion from the budget for the current year. We get an update from the AP\'s Jerry Bod...

One day after President Obama announced his deficit reduction plans, which may include hits to federal pay and benefits, the House will finally bring to vote a spending deal with $38-billion dollars in cuts for the rest of fiscal year 2011. Joining us with more on what we can expect, is AP Capitol Hill correspondent Jerry Bodlander.

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