Bad News Friday  —  The two biggest pieces of news today are that President Obama's budget will reflect the tax and spending deal he offered House Speaker John Boehner last year — i.e. it will include the so-called Chained-CPI Social Security benefit cut — and that the March jobs numbers came in way lower than expected.

Progressive groups blast Obama's expected proposal to cut entitlements  —  Progressive groups are expressing opposition to cuts to Social Security and other programs expected to be unveiled in President Obama's budget next week, with at least one threatening primary challenges to those Democrats who support the cuts.

Obama budget would cut entitlements in exchange for tax increases  —  President Obama will release a budget next week that proposes significant cuts to Medicare and Social Security and fewer tax hikes than in the past, a conciliatory approach that he hopes will convince Republicans to sign onto …

The Employment Situation in March  —  While more work remains to be done, today's employment report provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression.  It is critical that we continue the policies that are helping …