Jennifer Psaki, deputy communications director at the White House, talks about President Barack Obama’s $3.7 trillion U.S. budget proposal. Obama’s budget would reduce deficits by $1.1 trillion over a decade, setting up a battle with Republicans who have already deemed the plan insufficient to reduce federal debt. She speaks with Julianna Goldman, Carol Massar and Matt Miller on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

Thoughts?