White House: Continues to Be Real Differences on Debt

The transcript discusses the president's budget priorities, emphasizing deficit reduction by cutting wasteful spending, such as subsidies for Big Oil. It highlights the need for a bipartisan agreement to avoid economic risks like recession and job loss. The president's team is committed to negotiating in good faith, with optimism for a successful outcome. The importance of compromise in democracy is stressed, and the president's confidence in reaching a deal is reiterated.

What are the president's priorities regarding the budget?

How does the president plan to reduce the deficit?

What is the significance of bipartisan agreement in the budget negotiations?

What potential consequences could arise from a default on the budget?

What is the president's stance on negotiations and good faith?