Politics

Day 38: Obama Unveils His Budget

By Brian Montopoli

February 26, 2009 / 7:30 PM EST / CBS News

(AP Photo/Charles Dharapak)

On his thirty-eighth day in office, President Obama unveiled a multi-trillion-dollar budget blueprint, saying it represents "hard choices" made and a "break from a troubled past."

"Just as a family has to make hard choices about where to spend and where to save, so do we, as a government," he said. "You know, there are times where you can afford to redecorate your house and there are times where you need to focus on rebuilding its foundation. Today, we have to focus on foundations."

Watch Chip Reid's CBS Evening News report on Mr. Obama's budget below.