President Obama unveiled his 2013 federal budget proposal today and most federal agencies are bracing for the budget knife to fall. It's an election year, so the budget is, more than usual, a political symbol as well as a fiscal reality. But with some of the big budget decisions already made and many of the President’s proposals already previewed by the deficit reduction supercommittee, is there any chance this budget war will be less rancorous than the last few? Dream on. The budget – what’s in it for you, and what’s not? And will the Republican-led Congress declare the President’s budget is D.O.A.?

Guests:

Ed O’Keefe, author, Federal Eye blog at Washingtonpost.com; federal government reporter, Washington Post

Diane Lim Rogers, chief economist, The Concord Coalition